Caravan Group Acquires Industrial Property In Los Angeles For $19.1M

Located at 13055 E. Temple Avenue in Los Angeles, this industrial property was recently sold in a transaction facilitated by Lee & Associates. The property spans 75,356 square feet and was sold for a price of $19,089,935, resulting in a price per square foot of $253. The sale took place on March 4, 2022. The buyer of the property was Caravan Group, while the seller was Chalmers Equity Group.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $19,089,935
• Address: 13055 E. Temple Avenue
• Market: Los Angeles
• Square Footage: 75,356

Representing the parties involved in this transaction were Andy Gage, Remington Moses, and David Bales from Lee & Associates. Their expertise and negotiation skills played a crucial role in successfully closing the deal between Caravan Group and Chalmers Equity Group.