13909-13929 Struikman Road, Cerritos
Address: 13909-13929 Struikman Road, Cerritos
Description: 19,972 sq. ft. multi-tenant industrial building
Buyer: Randall Rozak
Seller: DMB Realty Holdings, LLC
Assignment: Reposition an underperforming leased investment asset as a user sale opportunity. The five-tenant property was nearly half vacant during the marketing effort.
Result: The Hefner Vernick Team was able to leverage the vacant space and flexible existing leases for an owner user to acquire the property, occupy a portion of the building and lease out the balance of the space. This strategy created a significant increase in value compared with a traditional investor sale. During the course of the one month marketing period, the Team generated six proposals to purchase and the sale price ultimately achieved was above the asking price.
Total Value of the Transaction: $2,270,000