Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully sold Los Alamos Center, a ± 22,050-square-foot industrial auto complex property at 3015 East Main Street in Mesa. WLA Investments, Inc. (Newport Beach, Calif.) purchased the property for $1,235,000.00 ($56.01/psf) from Los Alamos Center, LLC (Mesa, Ariz.). Senior Managing Directors Paul Boyle and Rick Danis with Cassidy Turley’s Capital Markets Group negotiated the transaction for the buyer while Adam Hansen of Metropolitan Realty Advisors represented the seller.
Built in 1987, Los Alamos Center is a one (1) story multi-tenant industrial complex featuring three (3) buildings on 1.76 acres. The property is located near several corporate auto tenants including O’Reilly Auto Parts, Midas, Just Brakes, Napa Auto Parts and MAACO. WLA Investments, Inc. plans to hold the building as an investment property. The complex was 100 percent occupied at the time of sale.