Majestic Asset Management Acquires Office Building In El Monte, CA For $73M

The property asset involved in this transaction is an office space located at 9320 Telstar Ave in El Monte, CA. The sale was completed for a total amount of $73,000,000, translating to approximately $293 per square foot over a total area of 248,961 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $73,000,000
• Address: 9320 Telstar Ave
• Market: El Monte, CA
• Sale Price Per Square Foot: $293
• Square Footage: 248,961
• Buyer: Majestic Asset Management
• Seller: Rising Realty Partners
• Broker: Michael Longo, Todd Tydlaska, Sean Sullivan, Darla Longo, Will Pike, Melissa Moock, Anthony DeLorenzo & Mark Shaffer - CBRE

Key individuals and companies involved in the deal include Majestic Asset Management as the buyer and Rising Realty Partners as the seller. The transaction was brokered by a team from CBRE, consisting of multiple representatives, indicating a collaborative effort in facilitating this sale.