Rising Realty Partners, Brasa Capital, And Crowdstreet Acquire Mixed-use Property In El Monte For $41M

9320 Telstar Avenue, located in El Monte, was recently sold and leased in a mixed-use transaction. The property encompasses 248,961 square feet and was purchased by Rising Realty Partners, Brasa Capital Management, and Crowdstreet for a total price of $41,047,000. The seller, Charles Company, was represented by James W. Abbott. The sale price equates to approximately $165 per square foot.

Summary of transaction details:

• Property Type: Mixed-use
• Sale Price: $41,047,000
• Square Footage: 248,961
• Address: 9320 Telstar Avenue, El Monte
• Buyer: Rising Realty Partners, Brasa Capital Management, Crowdstreet
• Seller: Charles Company
• Seller's Representative: James W. Abbott

Furthermore, at the close of escrow, a 10-year office lease agreement was signed with LA County for a portion of the property, totaling 176,310 square feet. The financing for the transaction was provided by Citizens Bank.