DAUM Commercial Real Estate Services recently finalized the sale of a 60,457-square-foot industrial building in Los Angeles for $14.1 million.
According to Anthony Bergeman, SIOR, EVP and principal at DAUM Commercial, this transaction was a success for their client – a private investor based in Los Angeles who wanted to sell one property and use the funds for another through a 1031 exchange. Bergeman worked alongside VPs Michael Chase and Krishna Shegran from DAUM’s Costa Mesa office to represent the buyer.
Chase also commented on how they were able to find this new opportunity in South Bay off-market thanks to their strong connections within Southern California’s real estate market. They were able to close the deal quickly enough for it be part of their client’s tax-advantaged strategy.
The newly acquired property is located at 200-202 W. 140th St., fully leased by local manufacturing tenants as an industrial complex.
