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The new owner of the 0.4-acre property, which is located at 642 W. Iris Drive, is Valo LLC. That entity is affiliated with California-based Avalon Industries, which designs and produces music recording systems. The site offers a commercial building with a combination of warehouse and office space. Having most recently accommodated Vision 2 Marketing, the building has no tenant. Andy Hong and music industry official Reid Shippen were the sellers. They paid $1,975,000 ($223 per square foot based on the building’s size) more than double the price at which it previously changed ownership hands a bit more than four years prior to the June 2020 transaction. They had asked $2.8 million.

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