DAUM Represents Buyer in 335,000 Sq. Ft. Industrial Acquisition in Vernon, CA

Date: 03/10/2010
Contact: Public Relations | p: 213-625-3286

DAUM Commercial Real Estate Services announced today that it represented 4150 Bandini Partnership LLC in the acquisition of a 335,000 square foot, multi-tenant building located in Vernon, CA. Jerry Sackler, Executive Vice President, in DAUM's Los Angeles office represented the Buyer in the transaction. The industrial facility is located at 4150-4174 Bandini Boulevard. Barbara Emmons of CBRE represented the Seller in the transaction.

According to Sackler, "The project was priced well for an owner-user / investor. It gives the Buyer some flexibility in terms of growing into the project which was 75% leased at the time of purchase." Sackler goes onto say, "The sale was one of the largest industrial transactions to take place in Vernon over the past 18-months. The property was extremely attractive on a price per square foot basis and we believe this may be a catalyst to restart the sale market in the Central L.A. marketplace."

DAUM Commercial Real Estate Services provides a full array of commercial real estate services including brokerage, consulting, leasing, sales, corporate services and asset, construction, project and property management. Founded in 1904, DAUM is California’s oldest and most experienced commercial real estate brokerage company. DAUM has 9 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services is a member of ONCOR International, a premier global commercial real estate network. ONCOR International members represent over 50 independent commercial real estate brokerages, with more than 2,200 associates, in over 170 offices throughout 32 countries. In 2007 ONCOR International members were collectively responsible for approximately $38.4 billion in commercial real estate volume and over 17,000 commercial real estate transactions. ONCOR International LLC, a subsidiary of Realogy Corporation, oversees the ONCOR International member network. More information is available at www.oncorintl.com.