SCAN Health Plan Acquires Office Asset At 12898 Towne Center Drive From Verax Business Group For $10.15M

An office asset located at 12898 Towne Center Drive in Cerritos has been sold for $10,146,840. The total square footage of the property is 80,821, with a price per square foot calculated at $125.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $10,146,840
• Address: 12898 Towne Center Drive
• Market: Cerritos
• Square Footage: 80,821
• Price Per Square Foot: $125
• Buyer: SCAN Health Plan
• Seller: Verax Business Group
• Buyer's Representative: Tom Sheets - CBRE
• Seller's Representatives: Grant Goldman & Mark Shaffer - CBRE; Todd Tydlaska - Colliers

This transaction involved key representatives in the real estate sector, with Tom Sheets representing the buyer, SCAN Health Plan, while the seller, Verax Business Group, was represented by Grant Goldman and Mark Shaffer from CBRE, along with Todd Tydlaska from Colliers.