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Paley Commercial Real Estate

San Fernando Valley Commercial Real Estate

818-225-1300

818-225-1300

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6800 De Soto Ave, Canoga Park

June 2, 2019 by wpbyandrew

Transaction Details

Sold
Prime Signalized Corner

41,000 Square Foot Building

Warner Center Adjacent

173,000 Square Feet of Land

Contingent upon 1031 Exchange

Assumption of Existing Seller Debt

The Seller was a multi-transaction client of ours who in the past had specialized in apartment investing, but purchased this shopping center to test the retail waters. After it was determined they preferred the multi-residential side of the business, Paley Commercial Real Estate was engaged to locate a qualified Buyer who could successfully assume the existing financing. The property was sold, allowing the Seller to do a 1031 Exchange and invest the proceeds into several other apartment holdings just before that market exploded.

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Call 818-225-1300 or Email



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