Lee & Associates Negotiates the Purchase and Sale of an 11,200-SF Industrial Building

PRLog (Press Release) - Oct. 25, 2011 - Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has completed the purchase and sale of an 11,200-square-foot industrial building at 15311-15323 Pipeline Lane in Huntington Beach, Calif. The 100-percent leased building sold for $1.2 million or $107.14/square foot.  The building was marketed by another firm for a year. Lee & Associates sold the building within 60 days of listing the property for an all-cash close.

Lee & Associates Irvine Senior VP Brian Garbutt represented the seller, Medina Family Trust, while Senior VP Darin McDonald of Lee & Associates’ Newport Beach office represented the buyer, WFT, LLC.  




About Lee & Associates:
Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, New Jersey, Nevada, Texas, South Carolina and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

Photo:
http://www.prlog.org/11706993/1