DAUM Commercial Real Estate Services recently finalized the sale of a 40,129-square-foot industrial property in Vernon. The buyer, Privy, plans to utilize the space as their expanded headquarters for apparel wholesale operations. The building is located at 2640 E. 26th St., and was sold for $13,750,000.
Representing the seller was a team from DAUM Commercial’s Capital Markets office in Costa Mesa including Anthony Bergeman (SIOR), Michael Chase and Krishna Shegran. Moon Lim and Ryan Judd from DAUM’s Los Angeles office also played a role in facilitating the transaction. On behalf of Privy was Steve Kim of One Commercial.
Despite challenges faced by many industries last year due to COVID-19 impacts on sales volume, this deal successfully closed within an active industrial market just south of Downtown Los Angeles thanks to its strategic location near major transportation hubs such as LAX Airport and easy access to major freeways like I-10.
The acquisition marks another milestone for Privy as they continue expanding their presence within Southern California’s thriving commercial real estate landscape.
