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Montebello Industrial Building Sells for $8.38 Million

Owner/User Purchases More Than 100,000 SF on Telegraph Road
July 27, 2006
Fred and Susan Morad bought an 111,738-square-foot building on 7171 Telegraph Road in Montebello from Overton Moore Properties for $8.38 million, or approximately $75 per square foot.

Built in 1971, the building is on 4.36 acres. It houses Clean Sweep Supply Co., which the Morads own and manage. Clean Sweep specializes in office, janitorial, school and maintenance supplies, computer hardware and accessories, printer supplies, discount office furniture, mailroom and packaging supplies, meeting/presentation equipment, and more.

Michael Foley and David Hess of Trammell Crow Co. in City of Commerce as well as Jeff Sanita and John McMillan of Cushman & Wakefield represented Overton Moore Properties. Sanita of Cushman & Wakefield also represented the Morads.

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