Los Angeles, CA – March 15, 2022 – NAI Capital Commercial is pleased to announce the sale of 4373 Santa Anita Ave, El Monte, CA to Fulgent Genetics, Inc. for $4,350,000 or $657 per square foot. Executive Vice President Scott Martin and Associate Ana Soulriver with NAI Capital Commercial’s Investment Services Group represented the seller, a trust, in the transaction.
Strategically located next to the San Gabriel Valley Airport and minutes to the 10 Freeway, the property offers exceptional street visibility at the corner of Santa Anita Ave and Tyler Ave. Built in 1971, the building features a 5,000 square foot warehouse with 625 square feet of mezzanine storage space, and a 1,750 square foot executive office/showroom. The 6,620 square foot warehouse sits on half an acre of land with parking for 28 cars in a gated and fenced parking area.
Ana commented, “The seller was very happy with the sale, which was structured as an installment sale, as real estate prices in the area have increased with industrial buildings for sale remaining in huge demand in this key location.” Ana also noted, “The buyer, Fulgent Genetics, has grown tremendously since their relatively recent acquisition of the neighboring Airport Business Plaza in 2020, and this transaction allowed them to keep their business operations relatively close to each other.”
Fulgent Genetics provides FDA-authorized COVID-19 testing solutions. Founded in 2011, Fulgent began with two simple ideas: flexibility and affordability. Today, they strive to create the most effective and wide-ranging tests on the market. All of this is done in the pursuit of bettering the everyday lives of their customers.
About NAI Capital Commercial
NAI Capital Commercial is the largest agent and employee-owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,000 professionals spanning the globe, NAI Capital Commercial provides a complete range of transaction, valuation, investment, and consulting services. By leveraging our local expertise with our global reach, NAI Capital Commercial offers innovative, customized solutions and seamless service to owners, tenants, investors, and developers throughout Southern California. Our clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital Commercial we work together putting our clients first.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 6,000 local market professionals, managing in excess of over 1.15 billion square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
