(PRWEB) Younan Properties (YPI), one of the fastest- growing privately-held commercial real estate investment firms in the U.S., has purchased the Mowry office building, a 59,000 SF, class “B” building for $7 million. The three-story office building is located at 5900 Mowry School Road in Newark, Calif. The building was 30% occupied at the time of sale with major tenants such as Shin-Etsu Ploymer of America, Sulzer and MicroElectronics, Inc., among others.

“After our intensive analysis of the building and its market, we immediately realized that it has amazing potential due to its location and close proximity to Silicon Valley,” said Zaya Younan, chairman and CEO of Younan Properties. “Our goal is to reposition the building by implementing an aggressive re-development effort and execute a major leasing program, which will result in a more positive image for the building and an increase in tenant occupancy.”

The buyer, Younan Properties, represented itself. The seller, Income Opportunity Realty Investors (IORI) Mowry Corp., was represented by Mark Nardizzi, senior vice president of Regis Realty.

According to Younan Properties, currently Newark’s vacancy rate is lower than the Silicon Valley. However, the firm is confident that this sub-market will recover by early next year.

“In my more than 10 years in the real estate industry, I have never encountered a real estate professional so powerful in knowledge, creativity and integrity…Mr. Younan is a real pro,” said Nardizzi. “From start to finish, this deal moved through the process as smooth as silk.”

Based in Woodland Hills, Calif., Younan Properties is an entrepreneurial commercial real estate investment firm that specializes in acquiring, repositioning and managing office buildings throughout the country. Since its founding in January 2002, Younan Properties has excelled in delivering exceptional returns to its investors by identifying under-performing assets and re-positioning the properties.

In the last 12 months, the firm has acquired more than 20 office buildings throughout the U.S. totaling more than 2.1 million square feet, and sold eight buildings with more than 480,000 square feet. Younan Properties’ track record in asset management and building operations has exceeded the industry standard.

Additional information is available at www.younanproperties.com.