TWO INDUSTRIAL BUILDINGS SELL FOR $17.2 MILLION

VERNON, CALIF. — Jacob Kahobian, owner of Paper Source Converting & Manufacturing, has acquired two industrial buildings, which are located at 4700 and 4800 Santa Fe Ave. in Vernon, for $17.2 million. Paper Source will utilize the 180,932-square-foot property to manage business operations. John Repstad of Binswanger Realty Advisory Group Inc. represented the buyer; Peter Bacci and Jack Cline of Lee & Associates’ Los Angeles Central office represented the seller, Santa Fe Properties LLC, in the transaction.