Khosh Properties Acquires Office Building In Commerce For $12M

The office property located at 5100 S. Eastern Ave in Commerce, California, was sold for $12 million. The asset consists of a two-story building with 46,980 square feet of office space. Features include an upgraded lobby, energy-efficient solar panels, and surface and structured parking. Roland Corp, a Japanese high-end electronic musical instruments manufacturer, anchors the property.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,000,000.00
• Address: 5100 S Eastern Ave, Los Angeles, CA
• Market: Los Angeles
• Seller's Representatives: Ryan Plummer (Colliers International), Sean Fulp (Colliers International), Tony Naples (Lee & Associates)
• Buyer: Khosh Properties
• Square Footage: 46,980

Ryan Plummer, Sean Fulp, and Mark Schuessler of Newmark, along with Tony Naples of Lee & Associates, represented the seller in the transaction. Khosh Properties LLC acquired the office property, with Roland Corp as the anchor tenant.