DAUM Arranges Sale of OC Industrial Facility
- Jan 15, 2018
Independent Trading Co., an international apparel distribution company, has acquired a 181,069-square-foot industrial facility in Fullerton, Calif., for $32.6 million. DAUM Commercial Real Estate Services represented the buyer, and CBRE worked on behalf of the seller, Western Realco in the transaction.
Located at 4150 N. Palm St., the facility is within four miles of State Route 57 and less than 20 miles from State Route 91. The freeways make the ports of Los Angeles and Long Beach easily accessible. Completed in 2017, the building totals nearly 8 acres. Property characteristics include 32-foot clear height, dock-high loading, truck court, ESFR sprinkler system and a 3,374-square-foot office space.
“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,” said Casey Mungo, executive vice president & principal at DAUM Commercial, in prepared remarks. “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.”
Mungo worked on behalf of the buyer, and Ben Seybold and Sean Ward of CBRE represented the seller in the deal. In another recent deal, DAUM arranged the sale of a 40,532-square-foot industrial facility in Huntington Beach, Calif.
Image courtesy of DAUM Commercial