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La Mirada Office Building Sells for $13.64M

Anaheim-based real estate investment company Milan Capital Management bought an office building in La Mirada for $13.64 million, CBRE Group Inc. announced March 14.

CBRE’s Gary Stache, Anthony DeLorenzo, Mark Shaffer, Rickey Warner and Doug Mack represented the seller, Newport Beach-based Saunders Property Company. The buyer was self-represented.

The Atrium, at 16700 Valley View, is a nearly 84,000 square foot, four-story office building. It is 90 percent leased, according to CBRE.

“This asset is hard to beat—its gateway location, strong, flourishing mid-counties market, surrounding amenities and high-end office space is a truly rare find,” DeLorenzo said in a statement.

Commercial real estate reporter Hannah Madans can be reached at hmadans@labusinessjournal.com. Follow her on Twitter @HannahMadans

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans covers real estate for the Los Angeles Business Journal. A USC grad, Madans has done work with publications including The Orange County Register, The Real Deal and doityourself.com.
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