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| Anthony Bergeman |
Located at 2640 E. 26th St. in Vernon, the building was sold for a total consideration of $13,750,000.
Michael Chase
Anthony Bergeman,
SIOR, Michael Chase and Krishna Shegran of DAUM Commercial’s
Capital Markets office in Costa Mesa represented the seller, a private
investment company. Moon Lim and Ryan Judd of DAUM’S Los Angeles
office participated in the transaction as well. Privy was represented by Steve
Kim of One Commercial.
“Despite
a drop in sales volume late last year, this deal came together in a very
resilient industrial market just south of Downtown Los Angeles. The property is
strategically located less than two miles from the 10 freeway with easy access
to the ports and LAX Airport,” Bergeman said.
According
to DAUM Research, the Los Angeles industrial market saw
the median sales price per square foot dip by about 15 percent to $300.86
despite the amount of sales decreasing by 43 percent down to $852 million in
Q4. In a strong signal for the market, 2640 E. 26th St. traded at $342.65 per
square foot.
Krishna Shegran
Bergeman said the seller had acquired the property in 2020 through a 1031 exchange and had been leasing it through DAUM since that time
About DAUM Commercial
Moon Lim
DAUM
Commercial Real Estate Services is a leading provider of commercial real estate
services including brokerage, tenant representation, consulting, leasing, sales
and property management.
Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S.
DAUM has 11 offices throughout Southern California and Arizona.
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| Ryan Judd |
Andrew King
aking@thesmartagency.com
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