Lee & Associates Closes a $1.23 million Industrial Sale in Azusa

Lee & Associates Closes a $1.23 million Industrial Sale in Azusa

ONTARIO, CA – March 8, 2013 – (RealEstateRama) — Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, closed a $1.23 million, 12,400 square foot industrial building at 120 S. Irwindale Ave in Azusa, California.

Delta Four & Associates, Inc. sold the manufacturing industrial building to Shafia Trust, represented by Mark White and Todd Launchbaugh of Lee’s Ontario office. Some of the buildings amenities include: 14’ minimum clear height, 7 ground level doors, skylights, 2.5:1 parking ratio, and a fenced yard situated on 0.61 acres. It previously had a new roof and camera surveillance installed, new carpet and paint and an updated rest room.

Mark White stated that, “This property is large enough to allow the new owner to occupy his business and lease a small portion for extra income.” Mark also noted “there is a limited supply of product in this size range in this area available right now.”

The site’s great street visibility is centrally located in the city of Azusa, is located 4 blocks from the 210 Freeway, just south of 1st Street and minutes from the 605 Freeway. The building’s location features nearby tenants such as: Southern California Edison, Miller/ Coors, Veolia Environmental Services, Northrop Grumman, Chlibre International and Turbo Wholesale Tires.

About Lee & Associates
Celebrating more than 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 46 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

Previous articleSALISBURY-BASED BAY STEEL EXPANDS INTO NEW LOCATION
Next articleFourth Quarter Indices Show Continued Improvement for Apartment and Condominium Market