Ethan Christopher LLC Sells Imperial Medical Plaza In La Mirada For $26.6M With CBRE As Brokers

The asset involved in this transaction is a medical office property known as Imperial Medical Plaza, located at 15651 Imperial Highway in La Mirada. This property spans 26,596 square feet and sits on a 2.43-acre site. The sale price for this asset was $26,596, reflecting a price per square foot of $1. The medical office is 91% leased and consists of two stories, positioned near significant medical facilities.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $26,596
• Sale Price per Square Foot: $1
• Square Footage: 26,596 SF
• Address: 15651 Imperial Highway
• Market: La Mirada
• Seller: Ethan Christopher LLC
• Brokers: Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin & Chris Manassero - CBRE
• Acres: 2.43

CBRE facilitated the sale of the Imperial Medical Plaza to a private investor based in Los Angeles. The transaction highlighted the involvement of multiple brokers, ensuring a successful deal for the seller. This asset was sold at approximately $197 per square foot, representing a strategic acquisition for the investor.