Lee & Associates Closes a $9.2 Million Industrial Sale

TORRANCE, Calif. - Sept. 11, 2013 - PRLog -- Lee & Associates, the nation’s largest broker-owned commercial real estate services firm, brokered the $9.2 million sale of a 138,595-square-foot industrial building. Jamie Harrison, Lee & Associates Investment Services Group, represented both sides in the transaction.

According to Harrison, the buyer, CT Rancho Partners II, LLC, plans to re-lease the property to a longer term tenant after the current six-month lease expires. “The buyer recently purchased the adjacent property to this one making this an ideal asset to add to their portfolio,” he said. “With the seller, Ultimate Equity Holdings, LLC, looking to move to a larger facility, the transaction offered a win-win scenario.”

Built in 1984, the property is fully leased and located at 10401 7th Street in Rancho Cucamonga.

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About Lee & Associates
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas and Wisconsin. With a roster of nearly 730 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.