Los Angeles, CA– Matthews Real Estate Investment Services™ is pleased to announce the sale of an industry-leading Fresenius Medical Care facility and TNV International, a leading wholesale distributor of bulk ingredients for the nutritional supplement industry. The property sold for $5,400,000 and is located at 13063 Rosecrans Ave in Santa Fe Springs, a well-known east-west thoroughfare in Los Angeles situated off one of the most traveled freeways in the U.S., the I-5, with over 192,000 vehicles traveling by the property a day. Matthews™ Associate Jake Linsky and Associate Vice President Simon Assaf brokered the sale.
Matthews™ represented the seller, who was motivated to sell to increase cash flow and leverage the benefits of completing a 1031 Exchange. The seller received above the asking price and the brokers helped execute a timely and efficient close. By utilizing the Matthews™ Private Client 1031 Exchange program, agents achieved two longer-term assets for the client, allowing increased cash flow and investment security.
“We were able to use Matthews™ resources and shared database to find the seller and recognize an opportunity for his assets,” said Linsky. “The 1031 Exchange program is a resource for both buyers and sellers looking to improve their investment strategy.”
Healthcare properties are currently one of the most sought-after investments due to their essential and recession-resistant nature. The buyer saw an opportunity in the property, located in a dense market and off Los Angeles’ historic Rosecrans Avenue.
“Being in the healthcare sector, Fresenius and TNV International are safe, profitable, and competitive investments,” said Assaf. “Using market knowledge and prior experience we were able to promote those aspects and find a qualified buyer offering above listing price.”
For more information regarding this sale or if you have any other questions related to net lease investment sales, please reach out to Jake Linsky or Simon Assaf. To view current listings, please visit www.matthews.com.
Matthews Real Estate Investments Services™, the nation’s fastest-growing commercial real estate brokerage firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 300 agents and support staff in over 10 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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