(Office Building) 100% leased
Commerce, CA
This pair of garden style office buildings, totaling nearly 35,000 square feet, is part of a Business Park of approximately 340,000 square feet. The buildings are triple net leased to ABM Industries on a long-term lease. The property was acquired as part of a 1031 deferred tax transaction for a partnership managed by Richard Shapiro. Winco has negotiated a new 10 year lease term and the property was subsequently sold at a profit.
Services Provided
Acquisition
Management
Financing
“Richard has earned my confidence and respect through our real-life experiences together as an investor in Winco, his advice on other non-Winco properties, a co-board member for Parkinson’s disease, a generous donor and as a close friend. In each and every effort, Richard has always given his best, provided needed leadership, acted with the highest integrity and shown sound business judgment. I would recommend him to anyone seeking truth, exceptional commitment and investment guidance. In today’s financial markets, he is a rare resource and unique partner.”