Digital Realty Acquires Industrial Property In Vernon For $48.8 Million From Pacific Santa Fe

A 5.4-acre industrial property located at 4400 Pacific Boulevard in Vernon has been sold for $48.8 million. The asset encompasses a total square footage of 235,000 and has a price per square foot of $208.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $48,800,000
• Address: 4400 Pacific Boulevard
• Market: Vernon
• Total Square Footage: 235,000
• Price Per Square Foot: $208
• Buyer: Digital Realty
• Seller: Pacific Santa Fe Industrial; David Pourbaba - 4D Development & Investments
• Buyer's Representative: Frank Schulz, Zach Middleton & Max Farkas - The Klabin Company
• Seller's Representative: David Brandt & Jake Poxon - Lee & Associates

Digital Realty is planning to develop a data center on the acquired property. The Klabin Company acted as the representative for Digital Realty, while the seller was represented by Lee & Associates.