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Charles Dunn Company Sells Office Building For $4.25 Million



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LOS ANGELES, CA August 7, 2004 -- Charles Dunn Company, a full-service commercial real estate firm, has sold a 36,009 SF office building for approximately $4.25 million. Built in 1957, the two-story building, with rooftop parking, is located at 2706 Wilshire Blvd. in Los Angeles, Calif.

John Anthony, managing director, and Rob Wood, director, in Charles Dunn's downtown Los Angeles office, represented the seller, Dr. Ronald Ricker. The buyer, Pacific Investment Group, represented itself.

"The building had a low cap rate for the area and was 100% leased, which provided Pacific Investment Group with an ideal investment," said Anthony.

Charles Dunn Company is one of the largest full service brokerage and property management firms on the West Coast. Since its founding in 1921, Charles Dunn Company has been helping thousands of companies and individuals with a full complement of real estate services. The California-based company offers comprehensive brokerage, property and asset management, corporate and construction advisory as well as financial services to tenants, owners, investors and developers. Charles Dunn Company maintains offices in downtown Los Angeles, West Los Angeles, Seal Beach, Sacramento, San Diego, Woodland Hills, Studio City, San Francisco, Newport Beach and Phoenix.    

For more information, please visit www.charlesdunn.com



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