Grubb & Ellis Co. represented Saunders Property Co., a Newport Beach-based investment group, in the purchase of a 106,344-square-foot office building in Cypress, Calif.

The transaction was valued at $23.4 million.

Locally based Makar Properties sold the class A, Cypress Crossroads asset. The five-story building, which is located at 10833 Valley View St., was built in 1987 and completely renovated in 2004. The property was 80 percent leased at the time of sale.

Grubb & Ellis Co. is a full-service commercial real estate organization operating 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
We're here to help. Free 90-day trial for new subscribers.Click Here ×