CPD Los Angeles LLC Acquires Industrial Property In Glendale For $25.5M

The industrial property located at 1225, 1275, 1295, 1291 Los Angeles St.; 440, 444 Cypress St.; 437, 449 Fernando Ct. in Glendale has been sold for a price of $25,500,000. The property spans across 131,000 square feet, resulting in a price per square foot of $198. The transaction took place on November 18, 2019.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $25,500,000
• Square Footage: 131,000
• Price per Square Foot: $198
• Market: Glendale

The seller of the property is Pacific States Box & Basket Co. Inc., while the buyer is CPD Los Angeles LLC, represented by KOAR Institutional Advisors. The brokers involved in the deal are Mike Maniscalchi and Tony Maniscalchi from Systems Real Estate Management Inc., as well as Hunter Warner and Brett Warner from Lee & Associates.