Quest Realty Group purchased the property below market value for $7,025,000 ($130/SF) as a Value-Add Investment.
Quest Realty Group purchased the property below market value for $7,025,000 ($130/SF) as a Value-Add Investment.
Purchased in 2006 for $4,800,000, the exit price offered an ownership an excellent opportunity to sell the property and trade into a new asset with additional upside.
Five Acres, also known as The Boys’ & Girls’ Aid Society of Los Angeles signed a 7-year lease for 9,524 SF of office space at Garvey Office Plaza in May 2017 at a starting rate of $2.30/SF with 3% annual increases.
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17328 Ventura Blvd Suite 404
Encino, CA 91316
