Glad we got this one done. Proud of the team. Nice property in a great market.
NewFront Properties completes the acquisition 8700-8708 Cleta Street, a two-property portfolio totaling 9,000 square feet on 22,653 square feet of land in Downey, CA. This transaction was completed in just two weeks, accommodating the Seller's timeline and showcasing our commitment to efficiency and relationships in every deal. We were drawn to the deal for it’s attractive acquisition basis, functional small building design, and dynamic infill location. NewFront will cash flow the properties until the ongoing environmental remediation is complete. We are excited to add the assets to the portfolio and look forward to the positive impact it will have in the community.