Closed: 149,776 SF Commerce distribution, $14.5M
In November 2005 Global CRE represented the seller of 5555 E Olympic Blvd, a fully leased 149,776 SF Commerce distribution building, sold for $14.5M.
Sources
Global CRE transaction records; public sale records
$14.5M
Sale price
~$97/SF
Price per building SF
149,776 SF
100% leased, 8.02 acres
The transaction
In November 2005, Global CRE represented the seller of 5555 E Olympic Blvd, a 149,776 SF distribution building in Commerce, which sold for $14,500,000, roughly $97 per SF. The 1960 building was fully leased and sits on 8.02 acres.
- Closed: November 2005.
- Seller representation: Global CRE.
- Buyer: 5555 Olympic Blvd LLC.
- Occupancy at sale: 100% leased.
- Site: 8.02 acres.
Why it matters
Commerce sits between the 5, 710 and 60 freeways, minutes from Downtown and the rail yards, which keeps well-located distribution buildings there in steady demand.
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