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Flex-Tech Park Trades for $10.2 Mil

LONG BEACH, CA-The multi-tenant complex encompasses 119,576 sf. Tenants include Project Head Start, Pactel Meridian Systems and Biomedical Applications. The deal further illustrates that demand for industrial space continues throughout the county.

By Erin Cassin | Updated on September 04, 2001

LONG BEACH, CA-A Long Beach flex-tech complex has a new owner, as an investment group has snapped up the property for $10.2 million. Built in 1986, the multi-tenant complex encompasses 119,576 sf. Its major tenants include Project Head Start, Pactel Meridian Systems and Biomedical Applications. The property is located at 105-61 Victoria St.

The seller, AP Victoria LLC, was represented by Mike Hefner of Voit Commercial Brokerage’s Anaheim Metro office. Hefner also represented the buyer, Victoria Realty Investors LLC, which needed to meet a 1031 tax-deferred exchange.

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