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Home Commercial Local 1031 Investor Pays $14.3MM for 56,000 SQFT Office Building at Centerpointe La Palma
CommercialFinanceIndustry NewsOrange County

Local 1031 Investor Pays $14.3MM for 56,000 SQFT Office Building at Centerpointe La Palma

November 14, 20263 Mins read9
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Photo by Fer Troulik on Unsplash
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A local private investor completing a 1031 exchange paid $14.3 million for 20 Centerpointe Drive, an 84 percent leased single-story office building in La Palma, extending a run of CBRE-brokered sales that is breaking up the Centerpointe La Palma business park one building at a time.

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