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DAUM Closes $14M 1031 Deal for LA Industrial
DAUM Commercial Real Estate Services completed the sale of a 60,457-square-foot industrial building in Los Angeles. The property sold for $14.1 million.
“The purchase of this asset came together very nicely for our client, a Los Angeles private investor who was looking to exit a position in one asset and roll the funds into another one through a 1031 exchange,” said Anthony Bergeman, SIOR, EVP and principal at DAUM Commercial. Bergeman and VPs Michael Chase and Krishna Shegran, all of DAUM’s Costa Mesa Office, represented the buyer.
Chse added, “We facilitated the sale of the original property and used our deep connections in the Southern California market to find this wonderful new opportunity in South Bay, which was listed off-market, and closed the deal in time to facilitate the tax-advantaged strategy.”
The newly acquired property is an industrial complex at 200-202 W. 140th St. in Los Angeles. It is fully leased by local manufacturing tenants.
- ◦Sale/Acquisition
