Victoria Business Park, Long Beach
February 9, 2017
Address: Victoria Business Park, 105-161 W. Victoria Street, Long Beach
Description: 119,576 sq. ft. industrial park
Buyer: Private Investor
Seller: Granite Peak Partners
Assignment: Develop and implement a marketing program for the disposition of an institutionally owned 119,576 sq. ft. multi-tenant business park.
Result: Generated several offers to purchase and sold the project to a Los Angeles based private investor at a significant price. The purchase also involved the assumption of a $7.6 million CMBS loan. The Hefner Team assisted in every aspect of the transaction, including helping Buyer and Seller navigate a loan assumption process.
Total Value of the Transaction: $15,134,000