Daum Commercial's Capital Markets Group Handles Reverse Exchange on 27,905 SF Industrial Asset in Los Angeles County, CA

 

Michael Collins

 LOS ANGELES, CA, June 5, 2023 – DAUM Commercial Real Estate Services, a leading provider of commercial real estate services including brokerage, investment sales, consulting, leasing, tenant representation, and property management, has successfully closed on the reverse exchange of a 27,905 square foot industrial asset located in the prime South Bay sub-market of Torrance, California.

Demonstrating their innovative and highly collaborative approach, the group facilitated the initial purchase of the up-leg asset and subsequent reverse exchange of the down-leg for a combined transaction value of $9.5 million.

            In Q3 2022, Daum began the process of assisting long-time member of the Southern California business community, Rusher Air Conditioning—a 77-year-old company that designs and installs commercial heating and cooling systems—in a strategic reverse exchange.

Dustin Hullinger

Rusher turned to Daum to find a new larger headquarters as they sought to expand from their existing facility in Torrance, California.

“Our team quickly worked to source an ideal 16,680 square foot building in an excellent location in Lawndale that suited their needs," 

explains Michael Collins, Vice Chairman and Director of Daum’s Capital Markets Group.

 "But more than just identifying the right property, we advised the buyer on a unique approach, securing financing with favorable terms and successfully facilitating a ‘reverse’ exchange.

“The benefit owners have in collaborating with Daum is our extensive expertise across the transaction stack.

"We’ll work creatively to get the deal done. In the end, we are rewarded for this success and very recently represented Rusher in the sale of their former headquarters on Normandie Avenue in Torrance, which closed escrow on May 17, 2023.”

Brad Levin

The down-leg industrial asset, located at 19626 S. Normandie Ave. in Torrance, California, features a 27,905 square foot lot with an additional 3,312 square feet of easement.

The property is accompanied by two buildings totaling 10,140 square feet with a large, gated yard and grade level loading.

The central location offers immediate access to Interstate 405, 110, and 91 Freeways with close proximity to the ports of Los Angeles and Long Beach.

The up-leg asset is located at 4435 W. 153^rd Street in Lawndale, California. The 34,072 square foot industrial property includes a 16,680 square foot building with 7 ground level doors, 12-foot height clearance, and a large, fully fenced concrete yard.

The complete reverse exchange transaction was facilitated by Collins, and Dustin Hullinger, Associate Vice President at Daum’s Capital Markets Group, with the assistance of Brad Levin, Executive Vice President and Co-Branch Manager of Daum’s South Bay Office, in the marketing of 19626 S. Normandie Ave.

 

Contact: 

Hanna Kokuashvili / Kiera Moran  
The Smart Agency, Inc.
(949) 438-6262 
hkokuashvili@thesmartagency.com