An industrial asset located at 14848 Northam Street in La Mirada, California has been sold for $28,000,000. This property, spanning 96,916 square feet, was listed at $32,000,000 before the sale, resulting in a price per square foot of approximately $289. The site consists of 4.36 acres and serves as a single-tenant Class B facility, aiding in the U.S. expansion efforts of the buyer. The property features convenient freeway access and proximity to the Port of Long Beach.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $28,000,000
• Address: 14848 Northam Street
• Market: La Mirada
• Square Footage: 96,916
• Price per Square Foot: $289
• Buyer: Hwang SungMan
• Buyer Company: Otoki America Holdings
• Broker: Chuck Wilson
• Broker Agency: Colliers

Hwang SungMan, representing Otoki America Holdings, engaged in this transaction to support the company's North American distribution scaling. The broker, Chuck Wilson from Colliers, facilitated the sale by managing the marketing of the property.