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7/29/20
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A 39.4k sf office building in the city of Vernon sold for $11.6 mil, or about $294/sf. The building is located at 3375 E Slauson Ave, within the Commerce/Vernon Industrial submarket.
Built in 2006, the two-story flex/office building sits on a 77.4k sf lot. The building features a high-end corporate office build-out, two passenger/freight elevators, a secured fenced parking lot, full kitchen with a lunchroom and training room.
Philip “Ted” Attalla, CCIM, David Moore and Amber Leigh with NAI Capital represented the seller in the transaction.
“The final consummated sales price is a clear representation that the Vernon/Commerce real estate market is a strong component of the Los Angeles Central region and remains a desirable place to operate your business,” commented Attalla. “Values continue to stay strong, despite the current economic challenges during the 2020 business year.”
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