The recently closed property transaction in Cerritos, LA involved the sale of an office tower located at 12800 Center Court Drive South. The property spans across 105,000 square feet, offering ample space for various business operations. The transaction was completed on July 31, 2018, with a sale price of $24,000,000, resulting in a price per square foot of $229.

Summary of transaction details

• Property Type: Office Tower
• Transaction Amount: $24,000,000
• Size: 105,000 square feet
• Location: 12800 Center Court Drive South, Cerritos, LA

The buyer of the property was West Coast Capital Partners, while the seller was Transpacific Development Company. This deal demonstrates the active real estate market in Cerritos, with both parties involved in a successful transaction. It is noteworthy that the Utah State Retirement System previously acquired the retail portion of the property for $97 million in March. This retail space, comprising 500,000 square feet, includes a Trader Joe's supermarket located directly across the street.