Grubb & Ellis Co. represented Doheny Family Trust, a Los Angeles-based private investment trust, in the purchase of a 68,231-square-foot office building in Los Angeles.

The transaction was valued at $17.8 million.

The three-story, steel-frame building, which is located at 5245 Pacific Concourse Drive, was 100 percent leased at the time of sale. Eighty-five percent of the building was leased to National University, a private, accredited and nonprofit institution of higher education, through February 2014.

Newport Beach, Calif.-based Greenlaw Partners sold the asset. 

Grubb & Ellis provides a full range of real estate services worldwide.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription