March 6, 2017 – The 14,000-square-foot Octapharma Plasma building, located at 2320 Stemmons Trails in Dallas, Texas, was purchased for $3 million.
Principal Allen C. Buchanan and Associate Joshua K. Harper, who are with the Orange, California office of Lee & Associates, the largest broker-owed commercial real estate firm in North America, represented the buyer, Double Run, LP, an investment company based in La Habra Heights, California. The seller was represented by Mark Mordecai and Brandon Crow of EDGE Commercial Real Estate.
“The purchase was the final leg of a multiple transaction, multiple site exchange. The buyer sold a manufacturing building in Santa Fe Springs, California and deferred their gain through a 1031 Tax Deferred Exchange,” according to Buchanan. The Octapharma Plasma property is a healthcare facility that is fully occupied by a secure single tenant on a net lease.[button href=”http://www.lee-associates.com/orange/” style=”flat” size=”medium” color=”#1e73be” target=”_blank”]CONNECT WITH LEE ASSOCIATES | ORANGE[/button]