Steve Chang of Chang Investment Group Represented the Seller in a $14.25M Industrial Sale in Los Angeles

The property involved in this transaction is a class-A industrial asset located at 4790 Valley Boulevard in the Los Angeles market. It comprises 41,449 square feet and was sold for a total amount of $14,250,000, equating to a price per square foot of $343.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,250,000
• Square Footage: 41,449
• Address: 4790 Valley Boulevard
• Market: Los Angeles
• Buyer's Representative: Rami Meheraban - Peak Commercial
• Seller's Representative: Steve Chang - Chang Investment Group

Steve Chang from Chang Investment Group expressed excitement about closing this transaction, highlighting the challenges of successfully selling industrial properties in the current market. The success was attributed to the collaboration and support from the seller, the buyer, and Rami Meheraban, the buyer's representative.