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Trust Sells Offices in Consolidation

CERRITOS, CA-A private investor bought the 19,000-sf office building owned and occupied by the L.A. County Electrical Education and Training Trust at for $2.1 million.

By Bob Howard | Updated on August 13, 2002

CERRITOS, CA-A private investor acquired a 19,000-sf office building owned and occupied by the Los Angeles County Electrical Education and Training Trust 11911 Artesia Blvd, for $2.1 million.

Kinden Mitchell of Colliers Seeley International tells GlobeSt.com that the new owner plans to turn the property into a multi-tenant building and will occupy some of the space himself.

Mitchell says the Elecctrical Education trust had owned the building for about 15 years. The building was constructed in the early 1980s, and asking rents under the new owner will probably be about $1.85 per sf per month, full service gross, he says.

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