Industrial Outdoor Ventures Acquires Wilmington Industrial Property For $9M

The industrial property located at 302 Lakme Ave in Wilmington, CA was recently sold in a transaction facilitated by Industrial Outdoor Ventures (IOV). The property spans a total of 47,500 square feet, with a sale price of $9,000,000, resulting in a price per square foot of $189. The transaction took place on 12/01/2022.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,000,000
• Address: 302 Lakme Ave, Wilmington, CA
• Market: Wilmington, CA
• Buyer: Industrial Outdoor Ventures (IOV) - Benjamin Backer
• Seller: Susan Shimmin
• Buyer's Representative: Roy Harel & Jonathan Lee - Nublock Partners
• Lot Size: 47,500 sq ft
• Price per Square Foot: $189

The sale of this industrial property was completed with the assistance of Roy Harel and Jonathan Lee from Nublock Partners, who represented the buyer, Industrial Outdoor Ventures (IOV). Susan Shimmin acted as the seller in this transaction.