DAUM COMMERCIAL ASSISTS INTERNATIONAL APPAREL COMPANY IN IDENTIFYING STATE-OF-THE-ART INDUSTRIAL FACILITY IN TIGHT ORANGE COUNTY MARKETJan 10, 2018
DAUM Commercial Real Estate Services has completed the $32.59 million acquisition of a 181,069 square-foot industrial property in Fullerton, California, on behalf of the buyer, Independent Trading Company, an international apparel distribution company.
The buyer is relocating to North Orange County from the nearby Los Angeles County city of Whittier, according to Casey Mungo, an Executive Vice President and Principal at DAUM’s South Bay office. “Using our connections and deep knowledge of the industrial sector throughout Southern California, we were able to identify an ideal Class A, state-of-the-art, modern distribution facility for our Client,” says Mungo, who represented the buyer in this transaction. “This asset is new construction and strongly-suited to the buyer’s needs. By relocating to this best-in-class facility, our Client is investing in improved operational efficiencies, and providing a fresh environment for its team.”
The asset was sold by the developer, Western Realco, and the buyer will be the first occupant. The property’s location off of the State Route 91 and State Route 57 freeways provides ease of access throughout the region and to the Ports of Los Angeles and Long Beach, further driving the appeal of the property, notes Mungo.
The building features in-demand amenities including 6,984 square-feet of office space, 32’ clear height, dock-high loading, a large truck court, and ESFR sprinkler system. The asset is located at 4150 N. Palm Street in Fullerton, California. Ben Seybold and Sean Ward of CBRE represented Western Realco as the seller in this transaction.
Commercial 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 throughout the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.