45 Unit Distressed Industrial Condo Project Sells

hallrdAn industrial real estate new condominium development project consisting of  176,000 square feet of space sold this month to a local real estate developer.  The site is located in the City of Downey, Los Angeles County.  All cash closing!  Class A construction and never occupied.   The sale price was in the mid to high fifty dollar range per square foot of building area for this asset in foreclosure.

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