DAUM Commercial Real Estate Services announced today that it represented the buyer in the acquisition of a 17,700 square foot, freestanding industrial building located in Van Nuys, CA. The building is located at 6703-6705 Valjean Avenue and sits on 0.68 acres of land. The building was completed in 1971 and offers 17’ clearance and one (1) grade-level loading door. The total consideration of the sale was $3,050,000 ($172.32 PSF).

Chris Sullivan and Daniel Frees of DAUM’s San Fernando Valley office represented the buyer, Alon Peled, with Pat Hall and Mark Anderson of Told Partners representing the seller, Goldfein Investments, LLC 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 10 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.