DCG Represents Ownership Group in Sale of 10,880 SF Flex Building

DCG Represents Ownership Group in Sale of 10,880 SF Flex Building

DCG’s Don Welsh represented the ownership group, ERI, in the sale of a 10,880 square foot flex building at 9744 South Virginia Street, units F&G. Gran Tee Investments purchased the fully occupied building for $3,115,000. 

The complex at Foothill Commerce Center was built in 2003. Toll Brothers occupied 100% of the space and had previously spent over $1,000,000 in the design of the showroom. The building sold for a 4.5% cap rate and had a 5-year lease in place at the time of sale.