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DAUM Commercial Real Estate Services has directed the sale of a 66,032 square-foot business park situated on 3.9 acres of land in the Los Angeles County submarket of Pomona, California.

Pomona Business Park was sold to a local investor who will implement a value-add renovation program at the property, according to Dennis Sandoval, a DAUM Executive Vice President and Principal who represented the seller, a private investor, alongside DAUM Associate Kevin Sandoval.

“The seller had a well-located asset with strong potential for upside based on existing under-market rental rates and opportunities to modernize the property through strategic upgrades,” explains Dennis, noting that the building is currently 95% leased to multiple tenants, providing immediate in-place cashflow. “Through our deep connections in the local industrial market and a strategic marketing campaign, we were able to successfully identify a buyer who we were confident could bring the sale to a seamless close and realized the true value of this asset, achieving a strong sale price for our client.”

Dennis notes that despite the challenges and hesitation that arose from the effects of COVID-19 on the market, DAUM was able to source multiple offers for the seller and ultimately identified an ideal investor for the property who had experience in repositioning similar assets.

“The buyer is an opportunistic investor who knows the product type and location well, in addition to understanding the process and capital expenditure required to renovate this asset in order to maximize its value in the current market,” continues Dennis.

Kevin adds: “Not only was this a win-win deal for both the buyer and the seller, but this transaction and business plan will benefit the local community. The buyer’s physical upgrades and cosmetic improvements will help attract quality tenants and enhance the overall look of the area. The City of Pomona was extremely pleased to see this sale come to a close, especially since this business park is located directly across the recently expanded Western University of Health Sciences.” Pomona Business Park has frontage on three streets and offers convenient access to Interstate 10 as well as close proximity to retail and restaurant options, making it a very attractive location for tenants and businesses, Kevin notes.

The property, which sold for $6.78 million, is located at 201 North Palomares in Pomona, California. Ryan Campbell of NAI Capital represented the buyer.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

The property was purchased by CenterPoint Properties
in an off-market, sale-leaseback transaction

DAUM Commercial Real Estate Services has directed the $63 million acquisition of a 173,134 square-foot, Class A industrial property in the Los Angeles County submarket of Pico Rivera, California.

The asset was purchased by Chicago-based industrial real estate investment company CenterPoint Properties from the occupant in an off-market, sale-leaseback transaction, according to Jordan Lara, an Executive Vice Principal at DAUM Commercial. Jordan completed the transaction alongside DAUM Executive Vice President Rudy Lara and Vice President Nick Peukpiboon.

“This property is a true core investment, providing the buyer the incredibly rare opportunity to add a high-quality industrial property with long-term stabilization in an infill Los Angeles County location to its portfolio,” explains Jordan. “We were able to effectively demonstrate the current and future value of the property and its location within an emerging submarket, ultimately closing what is one of the highest per-square-foot industrial sales for a building of this quality and size in the county to date.”

Jordan adds that this rare acquisition of an asset totaling more than 100,000 square feet in a prime location was made possible due to Pico Rivera’s emerging status, positioning on the margins of Central Los Angeles, and relatively low density compared to adjacent industrial submarkets. The location gives immediate, convenient access to Downtown Los Angeles, the Ports, and population hubs throughout Southern California. The property also presents the potential to be repositioned as a two-tenant facility in the long term.

“LARA Team is privileged to have been an instrumental part of the success of this process by playing a key role in bridging the relationship between the buyer and the seller, as well as assisting in bringing both the sale and leaseback terms to close,” continues Jordan.

The property is located at 8500 Mercury Lane in Pico Rivera, California, less than two miles from the Interstate 5 Freeway. It features a 32-foot clear-height, 24 dock-high doors with the potential for six additional doors, and an ESFR sprinkler system.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.


DAUM Commercial Real Estate Services has completed the sale of 236,700 square-foot freestanding industrial building in the Inland Empire submarket of Ontario, California to Newport Beach-based Nuveen Real Estate, one of the world’s largest real estate investment managers.

The asset was acquired from the occupant, Myers Power Products, Inc., an industry leader in the design and manufacture of engineered-to-order power distribution equipment, in a sale-leaseback transaction, according to Chris Migliori, Executive Vice President at DAUM Commercial.

“The seller had an exceptionally well-located, 100%-leased Class A industrial asset in one of the most desirable submarkets in the Inland Empire,” says Migliori. “Based on deep, long-standing relationships with industrial investors active throughout Southern California, we were able to quickly source an experienced, well-capitalized buyer who recognized the full value of the asset, ultimately securing above asking price.”

One of the top industrial markets in Southern California and the country, the Inland Empire has continued on an accelerated growth trajectory due to the rise of eCommerce driven by the pandemic, with direct vacancy rates tightening to 2.3% in Q2.

“The tenant invested significant capital in the property over the last 12 years of ownership and occupancy, so it is ideally suited to facilitate the company’s full in-house manufacturing capabilities including metal fabrication, state-of-the-art paint systems, assembly, integration, and testing,” explains Migliori. “Myers, which serves a range of customers including utilities, commercial and industrial firms, local government and national government agencies, is now under a new, five-year triple net lease agreement with Nuveen.”

The property is ideally located adjacent to the Ontario International Airport and bounded by Interstate 10, Interstate 15, State Route 60, and State Route 83, allowing for ease-of-access throughout the region.

Situated on 12 acres of land, the building features two oversized grade-level loading doors, 35 dock-high loading positions, a 155-foot truck court, 4000 amps, a fenced yard, and is naturally divisible.

The property is located at 2950 E. Philadelphia Street in Ontario, California.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.


DAUM Commercial Real Estate Services has completed the sale of a two-building industrial complex totaling 145,000 square feet in the South Bay submarket of Los Angeles County, California.

The asset was acquired by Hager Pacific Properties, a Newport Beach-based real estate investment firm specializing in industrial, retail, and hospitality renovation projects, according to Michael Collins, Vice Chairman at DAUM Commercial, who represented the seller, a private party, in the transaction.

“Our client owned a fully leased, well-located asset in the highly desirable South Bay submarket that had environmental concerns,” explains Collins. “Based on our deep and long-standing relationships within the Southern California industrial investment community, we were able to source a buyer who is well equipped to address the challenges, ultimately closing at a price based on the current status of the property.”

Collins notes that the property is located in one of the tightest industrial submarkets in the county, which is seeing compressed vacancy rates near 2%, according to a recent DAUM report.

“This is a prime opportunity for the buyer to leverage previous experience remediating environmental issues and implement a proven value-add strategy to realize the upside,” continues Collins. “Rob Neal of Hager Pacific Properties was a delight and honored all of his timeframes and commitments, allowing for a smooth transaction.”

The asset consists of one 108,000 square-foot building and one 37,000 square-foot building, with each leased to a single tenant. The complex benefits from frontage on three streets, convenient access to major area freeways, and close proximity to Downtown Los Angeles and the Ports of Los Angeles and Long Beach.

The complex was sold for a total consideration of $17.25 million and is located at 13255 S. Broadway & 360 W. 132nd Street in Unincorporated Los Angeles County, California.

Collins has worked in the Southern California commercial marketplace for the past four decades. He primarily specializes in the sale of leased investment properties on behalf of institutions and high-net-worth individuals. Additionally, he represents building owners to lease their larger industrial facilities. Michael can be reached at [email protected]

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services has completed the long-term lease of a 202,421 square-foot industrial building in the Ventura County submarket of Moorpark, California on behalf of the lessor interest through Transwestern Development Company, who was the project developer.

The property, which is also managed by Transwestern, was leased to Amazon, according to Bram White, SIOR, an Executive Vice President at DAUM Commercial, who represented the lessor along with Don Thordarson of Donald J. Thordarson, Inc.

“Don and I helped the lessor acquire this property in 2018 and had a comprehensive understanding of the goals for this investment,” explains White. “Drawing upon this knowledge and our relationships in the market, and through a very active marketing campaign, this quality tenant was brought to the table by its agent, Tim Wallace of Cushman & Wakefield.”

White notes that he also represented the previous owner in the lease of the same building seven years ago, completing a hat trick with this latest transaction that demonstrates his deep expertise in this submarket and the unique offering this property brings.

“In our extensive marketing campaign we ‘left no stone unturned’ in our relentless efforts to secure a great tenant for this excellent facility,” says Thordarson.

The asset was recently refurbished, providing the tenant an ideal space for its last mile operations.

Stephen Batcheller, Regional Partner at Transwestern, adds: “We are very pleased with the outcome of this project and greatly appreciate working with, and the contributions of, the talented people at DAUM Commercial Real Estate Services.”

The property features 16 dock-high positions, 24-foot ceiling clearance, and a secure fenced yard with parking for up to 405 cars. The location offers close proximity to California State Routes 118 and 23, providing ease-of-access throughout the Southern California region.
The building is located at 6000 Condor Drive in Moorpark, California.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services has directed the acquisition of an approximately 14,190 square-foot industrial building in Oxnard, California on behalf of Fresh Patch, a manufacturer and distributor of one-of-a-kind pet products, including dirt-free real grass patches.

The acquisition comes as part of the expansion of the innovative company, which has been featured on ABC’s Shark Tank and NBC’s Today Show, as well as named one of Oprah’s Favorite Things, according to Bram White, Executive Vice President at DAUM Commercial Real Estate Services, who directed the acquisition alongside Mark Kotake, Associate Vice President at DAUM.

“Based on exceptional success over the past few years, Fresh Patch was looking to more than double its space in Ventura County to accommodate an increasing demand for its unique pet products,” explains White. “We were able to identify a quality industrial warehouse to accommodate the growth within three miles of the company’s previous location, helping facilitate a smooth transition.”

Kotake adds that the DAUM team was able to secure this property in the tight Oxnard/Port Hueneme submarket, which saw a sub-2% direct vacancy rate in Q1, on Fresh Patch’s behalf due to the a deep knowledge of the local industrial landscape and longstanding relationships.

He says: “The warehouse is ideally located near established corporate neighbors and in close proximity to area highways, providing easy access to Southern California’s ports and major population hubs.”

Andrew Feld, Founder and President of Fresh Patch, says: “We are excited to seize this opportunity to expand our facilities in order to increase our production and distribution capabilities and meet the demand of pet owners nationwide. It was a pleasure to work with the DAUM team and we look forward to utilizing this new space to continue to achieve our growing business goals.”

The industrial warehouse features 2,500 square feet of office, nearly 20-foot clear height, three ground-level doors, and an enclosed truck well with dock-high loading.

The property, located at 1741 Ives Avenue in Oxnard, California, was acquired for $2.675 million. Art Chavez of REMAX represented the seller in the transaction.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services has directed the sale of 4433 Pacific Boulevard, an approximately 33,400-square-foot, Class A industrial warehouse in the Los Angeles County submarket of Vernon, Calif. DAUM represented both the buyer, Alere Property Group, one of the largest and most active developers and investors of industrial real estate in Southern California, and the seller, a private investor, in the off-market transaction.

“An available property of 4433 Pacific Boulevard’s size and quality is a rare find in west Vernon, a highly-desirable industrial submarket due to its proximity to Downtown Los Angeles and access to the region’s freeway network,” said Jerry Sackler, executive vice president at DAUM Commercial Real Estate Services. “Alere moved quickly to acquire the asset, which is occupied by a strong credit tenant and provides immediate cashflow. Our team is pleased to have facilitated the transaction on behalf of Alere as the firm continues to bolster its presence in the Los Angeles market and add to its established portfolio.”

Sackler adds that the DAUM team was able to identify the transaction opportunity due to long-standing relationships with both the buyer and the seller.

“Drawing upon decades of experience working within this market on behalf of the region’s top industrial owners, our team was able to complete a quick close and a smooth transaction for all parties at a satisfactory price point,” says Sackler, who notes industrial vacancy in Vernon was 2.7% in Q1, according to a recent DAUM market report.

4433 Pacific Boulevard is a modern facility that stands out from other aging structures in the historical industrial hub near Downtown LA. The distribution warehouse was built in 2005, features a contemporary design and includes 8,800 square feet of mezzanine office space, five dock-high doors and a secured fenced yard. Clear height ranges from 28 to 30 feet.

The property is surrounded by an extensive freeway network with a direct link to the Ports of Los Angeles and Long Beach via the I-710 freeway. West Vernon is a preferred distribution location for businesses requiring access to the surrounding Southern California logistics transportation routes, in addition to Los Angeles’ immense population and employment base.

“Alere owns several assets in Vernon, and the qualities of 4433 Pacific Boulevard fit well into our portfolio of well-located, best-in-class assets that are easily accessible to the ports,” said Alan Carmichael, senior vice president of investments at Alere. “With a strong knowledge of the highly-competitive Commerce-Vernon submarket, our team was eager to invest in this top-tier asset, and we are grateful to the DAUM team for its swift work in helping us get the deal done.”

Alere’s Los Angeles County portfolio includes 47 high-quality, well-located industrial assets totaling approximately 4.1 million square feet. Alere targets core and value-add investment opportunities throughout the Southern California region, specifically the infill submarkets of Los Angeles and Orange counties. In addition to 4433 Pacific Boulevard, the industrial investment and development firm recently acquired 14422 Astronautics Drive, a Class A 47,000-square-foot warehouse in Huntington Beach, and 1062 McGaw Avenue, a 5.2-acre industrial property in Irvine that Alere is redeveloping into a new state-of-the-art 120,000-square-foot warehouse facility.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

About Alere Property Group
Founded in 2003, Alere Property Group is one of the largest and most established owners of industrial real estate in Southern California with a robust portfolio of over 30 million square feet of high-quality industrial space valued at over $5.5 billion. The Newport Beach-based company is an efficient, vertically integrated operation with capabilities spanning all functions of investment and development. Focused on creating long-term value, Alere builds sleek and modern industrial facilities that exceed expectations in design, functionality and efficiency in locations critical to meeting the complex needs of the world’s most sophisticated e-commerce, distribution and manufacturing corporations. For more information, visit alerellc.com. Follow the company on LinkedIn.

DAUM Commercial Real Estate Services recently directed the acquisition of a 16,554 square-foot R&D/Corporate Headquarters property in the Orange County submarket of Irvine, California on behalf of the Buyer, Mesa Church.

Mesa Church purchased the shell building from a private investor and plans to convert the property into a modern worship center in the coming months, according to Charlie Winn, Vice President at DAUM based out of the firm’s Orange County office.

When seeking well-located space in tight markets like Orange County, users and brokers alike must be increasingly nimble and creative,” explains Winn. “Representing a church is more complex because it involves obtaining a conditional use permit which focuses heavily on parking expectations for normal church operations and retrofitting the building for high occupancy gatherings. Based on our experience and connections in the region, we were able to identify a geographically favorable warehouse that provided the necessary parking by securing a creative shared-parking agreement with the sister building next door. The buyer was thankful to have had a cooperative seller (John Saunders, John Parker, and Martin Morgenstern) who allowed us the time to obtain the necessary permits.”

A full conversion of the facility to a concert-worthy worship center is in the planning stages now, Winn notes.

“Mesa Church was established more than 70 years ago in Costa Mesa and was, until recently, headquartered on the campus of Vanguard University. Geography was a key component to the decision to acquire this property,” says Winn. “The property is ideally located just off of MacArthur Boulevard near several major freeways, with frontage on Red Hill Avenue. This positions the worship center within an easy commute of Mesa Church’s members and guests, typically coming from throughout central Orange County.”

The new worship center, located at 17660 Cowan in Irvine is planned to be full open for services Easter, 2022.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services has completed the sale of rare automotive retail building and lot, totaling more than 11,560 square feet, located adjacent to Los Angeles International Airport (LAX) in Los Angeles, California, on behalf of the seller, according to Kurt Yacko, Associate at DAUM Commercial.

Yacko represented the seller, a private partnership, in the transaction alongside DAUM Executive Vice President Dennis Sandoval and Associate Brian Sandoval. The buyer is airline and airport ground services handling company S.A.S. Services Group, Inc.

“The seller had a rare available space that could be adapted to a range of various uses in a high-traffic area near LAX,” explains Yacko. “DAUM was able to secure this listing based on our deep understanding of the submarket and the businesses that operate in the area, despite competition with several other brokers.”

According to Yacko, the property’s immediate access to the new Midfield Satellite Concourse expansion of LAX’s Tom Bradley International Terminal made it an ideal fit for S.A.S. Services Group’s operations.

“We sourced all-cash offers from several interested parties, demonstrating the strong demand for space in the LAX area,” says Yacko, who notes that the West/South Los Angeles submarket posted industrial vacancies in the 2% range in Q4. “While the transaction required lengthy negotiations and experienced some delays due to the pandemic, we ultimately closed with a highly satisfactory price for the seller.”

The asset features a 1,114 square-foot building sitting on 10,454 square feet of land in a corner location in close proximity to a new parking and car rental development.

The agent representing the buyer was Heba Abulazm of Real Estate Source INC. The asset is located at 9220 S. Sepulveda Boulevard in Los Angeles, California. The total consideration of the sale was $3.49 million.

DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.