E & L Electric, Inc. Acquires Industrial Property On Los Nietos Road In Santa Fe Springs For $5.1M

E & L Electric, Inc. has acquired an industrial property located at 12336 Los Nietos Road in Santa Fe Springs. The property spans 14,940 square feet and was sold for a total of $5,089,600, resulting in a price per square foot of $341. The transaction was facilitated by Dan Berkenfield of Voit Real Estate Services, who represented both the buyer and the seller, CTC LOG - Ann Li Shang.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,089,600
• Address: 12336 Los Nietos Road, Santa Fe Springs
• Market: Santa Fe Springs
• Buyer: E & L Electric, Inc.
• Seller: CTC LOG - Ann Li Shang
• Broker: Dan Berkenfield - Voit Real Estate Services
• Size: 14,940 square feet
• Price per Square Foot: $341

E & L Electric, Inc., a prominent player in the industry, successfully completed the acquisition of this industrial property under the guidance of Dan Berkenfield from Voit Real Estate Services. The deal highlights the ongoing activity in the Santa Fe Springs market, with both the buyer and seller capitalizing on favorable market conditions to finalize the transaction.