Closed: 120,960 SF Vernon warehouse sells for $14.05M
In January 2016 Global CRE represented the seller of 2801 E 46th St, a 120,960 SF Vernon warehouse that sold for $14,050,000, about $116 per SF.
Sources
Global CRE transaction records; public sale records
$14.05M
Sale price
~$116/SF
Price per building SF
120,960 SF
On 3.94 acres
The transaction
In January 2016, Global CRE represented the seller of 2801 E 46th St, a 120,960 SF warehouse in Vernon, which sold for $14,050,000, roughly $116 per SF. The 1968 building sits on 3.94 acres in one of Los Angeles County's core industrial cities.
- Closed: January 2016.
- Seller representation: Global CRE.
- Building: 120,960 SF, built 1968.
- Site: 3.94 acres in Vernon.
Why it matters
Vernon is zoned almost entirely for industry, so large warehouse sites there change hands infrequently. Each trade is a clear marker for what users and investors will pay for close-in distribution space.
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