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DRA Advisors Sells Signal Hill Commerce Portfolio For $24 Million With CBRE Representing Seller

Property Image
SOLD
$24,000,000
Michael (Mike) Longo
Grant Goldman
+ 2

California

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Industrial89,438 SF
Sold 12/10/2025
the dealplayerscompscontact
Property Image
SOLD

DRA Advisors Sells Signal Hill Commerce Portfolio For $24 Million With CBRE Representing Seller

2700 Rose Avenue

See Similar Deals
Industrial89,438 SF
Sold 12/10/2025
Michael (Mike) Longo
Grant Goldman
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$268
Total Square Footage:89,438 SF
Transaction Type:Sale

The transaction involved the Signal Hill Commerce Portfolio, which includes properties located at 2698 Junipero Avenue, 2300 Walnut Avenue, and 2700 Rose Avenue. This industrial asset comprises a total area of 89,438 square feet and was sold for $24,000,000, equating to a price per square foot of $268. The market for this transaction is positioned in Signal Hill.

Summary of transaction details:

This deal highlights the involvement of notable brokers, including Grant Goldman, Mike Longo, Mark Shaffer, and Anthony DeLorenzo from CBRE representing the seller, while Selden McKnight from Voit Real Estate Services represented the buyer in this significant transaction.

Players

Grant Goldman
10 deals$241.4M volume(562) 706-0339
BROKER

Michael (Mike) Longo
CBRE
32 deals$1.9B volume(310) 363-4906
BROKER

Anthony DeLorenzo
CBRE
118 deals$2B volume
BROKER

Mark Shaffer
CBRE
40 deals$749.5M volume
BROKER

Selden McKnight
Voit Real Estate Services
2 deals$47.9M volume(714) 935-2323
BROKER

CBRE
BROKERAGE

Details

SOLD
IMAGE: Mike Longo, Mark Shaffer, Grant Goldman & Anthony DeLorenzo DATE: 12/11/2025 ADDRESS: Signal Hill Commerce Portfolio - 2698 Junipero Avenue, 2300 Walnut Avenue & 2700 Rose Avenue MARKET: Signal Hill ASSET TYPE: Industrial SELLER: DRA Advisors BUYER'S REP: Selden McKnight - Voit Real Estate Services (@VoitRealEstate) SELLER'S REP: Grant Goldman (@Aka_Grant), Mike Longo, Mark Shaffer & Anthony DeLorenzo - CBRE (@CBRE) SALE PRICE: $24,000,000 SF: 89,438 ~ PPSF: $268

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,279,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93