Michael Tang Acquires Executive Office Building In Monterey Park For $9.3M

An approximately 40,704 SF Executive Office Building located at 1100 Corporate Center Drive in Monterey Park was recently sold for $9,300,000. The property was previously owned by Seanda Properties and was acquired by 2000 Gold Limited Partnership. The asset is fully leased to tenants including the LA County.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,300,000
• Address: 1100 Corporate Center Drive
• Market: Monterey Park
• Buyer: Michael Tang - 2000 Gold Limited Partnership
• Seller: Jimmy Lin - Seanda Properties

Ryan Campbell from NAI Capital represented the buyer, Michael Tang, in this transaction, while Cesar Gonzalez from Equity Union Commercial represented the seller, Jimmy Lin. The property was sold at a price of $228 per square foot.