DAUM Commercial Real Estate Services completed the sale of a 40,129-square-foot industrial property to Privy, which will be used as the apparel wholesaler’s expanded headquarters. Located at 2640 E. 26th St. in Vernon, the building sold for $13,750,000.
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 also participated in the transaction. 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,” Bergeman said. “The property is strategically located less than two miles from the 10 freeway with easy access to the ports and LAX Airport.”
