DAUM REPRESENTS BUYER IN THE ACQUISITION OF A 24,656 SQ. FT. INDUSTRIAL BUILDING IN LOS ANGELES, CAFeb 26, 2015
DAUM Commercial Real Estate Services announced today that it represented buyer in the acquisition of a 24,646 square foot industrial building in Los Angeles, CA. The property is located at 901 E 61st Street and consists of a 24,656 square foot building on 0.77 acres of land. The building was built in 1958 and offers 16’ clearance, 1,545 square feet of office space, five (5) grade level loading and two (2) dock high doors. The total consideration of the sale was $2,070,000 ($84 PSF).
Hak Chung and Young Man Kim of DAUM’s Industry office represented the buyer, Avalon 61, LLC, while Mark Whitman of Dorin Realty Company, Inc. represented the seller, Dovetail Furniture & Designs, Inc. in the transaction.
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 LLC, a subsidiary of Realogy Corporation, oversees the ONCOR International member network. More information is available at www.oncorintl.com.