Tom Fennell, CCIM, Matt Dericco and Chris Shanks, CCIM of DCG represented an exchange buyer in the purchase of 1100 California Avenue. The 4,540 square foot multi-tenant office building featured 3 tenants and sold for $1,700,000 with a 6.71% cap rate in Q1 of this year.

In South Meadows, Fennell, Dericco and Shanks represented the owner of 10591 Double R Boulevard in a sale-leaseback. The 3,506 square foot building sold for $1,400,000 ($399 per square foot) with a 5-year leaseback in place at the time of sale.