Christopher J. Destino & Jeff Gahagan of Lee & Associates are please to announce the completion of the sale of 12450 Whittier Blvd in Whittier, CA. This free standing industrial manufacturing property was sold for $4,032,000 on an all-cash basis to Fred R. Rippy, Inc. Chris and Jeff represented the Seller, Rivero Primo Investments, LLC.
The subject property is a mid 1950's vintage brick masonry constructed building featuring heavy electrical power, a fenced yard and major street frontage in the heart of Whittier.
While 2016 brought the completion of many transactions, new opportunities and some interesting surprises to the business and commercial industrial real estate sector (November 2016 results), companies and market participants need to keep their eyes on how these changes can affect their local marketplace so they are better prepared to take advantage of opportunities in 2017.
(Click here for a sample of Christopher’s completed transactions).
If you are considering making a real estate decision in 2017, here are a few things to keep in mind:
1. Interest Rates and Vacancy
2. Consumer Confidence vs California Government
3. 1031 Exchange, Potential Changes
Christopher J. Destino, SIOR, a Principal at Lee & Associates, is an engaging, responsive professional who enjoys working closely with his clients and helping them succeed.