A roughly 33,000-square-foot industrial constructing in Vernon has offered for $9.1 million.
Alere Property Group bought the constructing, situated at 4433 Pacific Blvd., from a personal investor.
DAUM Business Actual Property Providers represented the customer and the vendor within the transaction.
“An accessible property of 4433 Pacific Boulevard’s dimension and high quality is a uncommon discover in west Vernon, a extremely fascinating industrial submarket because of its proximity to Downtown Los Angeles and entry to the area’s freeway community,” Jerry Sackler, govt vice chairman at DAUM Business Actual Property Providers, mentioned in a press release. “Alere moved shortly to accumulate the asset, which is occupied by a powerful credit score tenant and supplies speedy cashflow.”
The warehouse was inbuilt 2005. Its options embody 8,800 sq. toes of mezzanine workplace area, 5 dock-high doorways and a fenced yard.
“Alere owns a number of property in Vernon, and the qualities of 4433 Pacific Boulevard match effectively into our portfolio of well-located, best-in-class property which can be simply accessible to the ports,” Alan Carmichael, senior vice chairman of investments at Alere, mentioned in a press release.
“With a powerful data of the highly-competitive Commerce-Vernon submarket, our workforce was keen to speculate on this top-tier asset, and we’re grateful to the DAUM workforce for its swift work in serving to us get the deal achieved,” he added.
Alere has 47 industrial property with 4.1 million sq. toes in L.A. County.
The property at 4433 Pacific Blvd. isn’t the one Vernon industrial asset to promote these days.
Manufacturing property Fruitland Enterprise Park offered earlier this 12 months for $24.5 million. Iris Primary USA bought the asset from Marquee Manufacturers. The 68,049-square-foot website is at 2701 to 2711 and 2761 Fruitland Ave. It was vacant on the time of the sale, beforehand serving as residence to high-end ladies’s retailer BCBG Max Azria Group.
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