Joseph Lange Acquires Office Building In Downey For $1.3M

The office property located at 12115 Paramount Boulevard in Downey has been sold for a price of $1,300,000. The property spans across 4,000 square feet, resulting in a price per square foot of $325. The transaction took place on October 30, 2020.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $1,300,000
• Square Footage: 4,000
• Price per Square Foot: $325
• Address: 12115 Paramount Boulevard, Downey
• Market: Downey

The buyer of the property is Joseph Lange, while the sellers are Majid and Luz Saedifar, along with Howard Dideban. The brokers involved in the deal are Elizabeth Clark, Jay Martinez, and Sayeh Foroutan.

According to the broker's note, the property was listed at a higher price than the pre-COVID pricing, resulting in securing six offers on the site.