Daum Commercial Represents Alere Property Group in Acquisition of Prime Industrial Warehouse Site in Los Angeles County, CA

4433 Pacific Boulevard, a 33,400-SF, Class A
industrial warehouse, West Vernon, CA

 VERNON, CA – DAUM Commercial Real Estate Services has directed the sale of 4433 Pacific Boulevard, an approximately 33,400-square-foot, Class A industrial warehouse in the Los Angeles County submarket of Vernon, Calif.

 DAUM represented both the buyer, Alere Property Group, one of the largest and most active developers and investors of industrial real estate in Southern California, and the seller, a private investor, in the off-market transaction.

The distribution warehouse was built in 2005,

features a contemporary design and includes 

8,800 square feet of mezzanine office space,

 five dock-high doors and a secured fenced yard.

Clear height ranges from 28 to 30 feet.

 “An available property of 4433 Pacific Boulevard’s size and quality is a rare find in west Vernon, a highly-desirable industrial submarket due to its proximity to Downtown Los Angeles and access to the region’s freeway network,” said Jerry Sackler, executive vice president at DAUM Commercial Real Estate Services.

 

“Alere moved quickly to acquire the asset, which is occupied by a strong credit tenant and provides immediate cashflow. Our team is pleased to have facilitated the transaction on behalf of Alere as the firm continues to bolster its presence in the Los Angeles market and add to its established portfolio.”

Jerry Sackler

Sackler adds that the DAUM team was able to identify the transaction opportunity due to long-standing relationships with both the buyer and the seller. 

“Drawing upon decades of experience working within this market on behalf of the region’s top industrial owners, our team was able to complete a quick close and a smooth transaction for all parties at a satisfactory price point,” says Sackler, who notes industrial vacancy in Vernon was 2.7% in Q1, according to a recent DAUM market report.

 

“Alere owns several assets in Vernon, and the qualities of 4433 Pacific Boulevard fit well into our portfolio of well-located, best-in-class assets that are easily accessible to the ports,” said Alan Carmichael, senior vice president of investments at Alere.

 

 “With a strong knowledge of the highly-competitive Commerce-Vernon submarket, our team was eager to invest in this top-tier asset, and we are grateful to the DAUM team for its swift work in helping us get the deal done.”

 

 

 

CONTACTS: 

Arleeny Escarcega / Elisabeth Manville  
Brower Group  
(949) 438-6262 
aescarcega@brower-group.com 

 

www.daumcommercial.com.

alerellc.com.

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