Majestic Asset Management Acquires Office Building In El Monte, CA For $73M

Located at 9320 Telstar Ave in El Monte, CA, this office property was recently sold in a transaction handled by CBRE. The sale took place on August 25, 2022, and the property was purchased by Majestic Asset Management from Rising Realty Partners for a total of $73,000,000. The office building spans across a total area of 248,961 square feet, with a price per square foot of $293.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $73,000,000
• Address: 9320 Telstar Ave, El Monte, CA
• Market: El Monte, CA
• Buyer: Majestic Asset Management
• Seller: Rising Realty Partners
• Brokers: Michael Longo, Todd Tydlaska, Sean Sullivan, Darla Longo, Will Pike, Melissa Moock, Anthony DeLorenzo, and Mark Shaffer - CBRE
• Square Footage: 248,961
• Price per Square Foot: $293

The CBRE team, consisting of Michael Longo, Todd Tydlaska, Sean Sullivan, Darla Longo, Will Pike, Melissa Moock, Anthony DeLorenzo, and Mark Shaffer, played a crucial role in facilitating the transaction between Majestic Asset Management and Rising Realty Partners. This successful deal demonstrates the expertise and professionalism of CBRE in the real estate industry.