DAUM Commercial Negotiates Sale of 64,000 SF Industrial Property in Los Angeles County for $11.5M
CITY OF INDUSTRY, CALIF. — DAUM Commercial Real Estate Services has brokered the sale of an industrial warehouse facility located at 15240-15250 Nelson Ave. in City of Industry. South El Monte, Calif.-based Art Weiss Industrial Properties sold the property to Max Sales Group for $11.5 million.
The buyer is a wholesale manufacturer of products, including consumer electronics and home, auto, kitchen and pet accessories.
The seller built the 64,000-square-foot asset in 1979. The warehouse features 24-foot interior clearance, nine loading docks, two ground-level doors, 4,000 square feet of office space and the option for a two-tenant layout.
Charles Johnson II of DAUM handled the transaction.