Transaction Details
Sold
Rare Freestanding Office
14,000 Square Foot Building
Warner Center by Orange Line
47,000 Square Feet of Land
Zoning allows for 200,000′
Portion of a Portfolio Sale
One of the biggest frustrations for qualified tenants is that after years of leasing, they have nothing to show for it. This is the reason so many companies prefer to own rather than rent, as they can build equity to put towards retirement. This transaction was a prime example of locating the perfect building for a company who was paying thousands of dollars in rent and able to own with a mortgage virtually identical to what they were previously paying. Paley Commercial Real Estate has “SOLD” several buildings to companies such as this who are now proud commercial property owners.