DRA Divests of Signal Hill Commerce Center in California for $24M

DRA Divests of Signal Hill Commerce Center in California for $24M

SIGNAL HILL, CALIF. — DRA has completed the sale of Signal Hill Commerce Center, a portfolio of three industrial properties spread across four buildings in Signal Hill. An out-of-state, high-net buyer acquired the portfolio for $24 million, or $268 per square foot. The properties are located at 2698 Junipero, 2300 Walnut and 2700 Rose avenues. Michael Longo, Eric Cox, Grant Goldman, Mark Shaffer, Anthony DeLorenzo and Brian Held of CBRE represen…

DRA Trades Signal Hill Industrial Portfolio to High-Net Buyer

CBRE facilitated the sale of the Signal Hill Commerce Center, a portfolio of three industrial properties totaling 89,438 square feet across four buildings in Signal Hill. The properties, located at 2698 Junipero Ave., 2300 Walnut Ave. and 2700 Rose Ave., were acquired by an out-of-state high-net buyer for $24 million. CBRE’s Michael Longo, Eric Cox, Grant Goldman, Mark Shaffer and Anthony DeLorenzo, along with Brian Held, represented seller DRA.…