Italian Fabric Acquires Industrial Property In Rancho Dominguez For $9.85M

An industrial property located at 19560 S. Rancho Way in Rancho Dominguez has been sold. The property spans 43,295 square feet. It was sold by Preece Acquisition Company to Italian Fabric. The transaction was facilitated by Mark Jerue of Lee & Associates, who represented the seller, and Frank Lahijani and Vee Sookiasian of Global Commercial Real Estate, who represented the buyer. The property was listed for an asking price of $9,741,375 and was ultimately sold for $9,850,000, resulting in a price per square foot of $227.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $9,850,000
• Address: 19560 S. Rancho Way, Rancho Dominguez
• Market: Rancho Dominguez
• Square Footage: 43,295
• Buyer: Italian Fabric
• Seller: Preece Acquisition Company
• Buyer's Representative: Frank Lahijani and Vee Sookiasian of Global Commercial Real Estate
• Seller's Representative: Mark Jerue of Lee & Associates

This transaction took place on 04/16/2021. The buyer, Italian Fabric, acquired the industrial property from the seller, Preece Acquisition Company. The buyer was represented by Frank Lahijani and Vee Sookiasian of Global Commercial Real Estate, while Mark Jerue of Lee & Associates acted as the seller's representative.