CLAREMONT, CA – Colliers International, the second largest global real estate services organization, recently sold a 16,496-square-feet office space located at 358-398 W Foothill Blvd (top left photo), Claremont, Calif. The transaction is valued at $4 million. “I successfully helped buyer exchanged his apartment in Arcadia with less management intensive product, with great location in Claremont,” said Han Chen (bottom right photo), a senior associate based in Colliers International’s Downtown Los Angeles office, who represented the buyer.
“Through this reposition strategy, I helped my client increased his cash flow position significantly (he more than doubled his cash flow from his downleg property). It is a win-win situation for both buyer and seller.”
The seller, Community Commerce Bank, was represented by Cheryl Pestor at NAI Capital. The property was built in 1958 and remodeled twice in 2003 and in 2006.
Contact:
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
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