Jacob Khobian Of Paper Source Converting Acquires Industrial Facility For $18 Million In Vernon

An industrial facility located at 4600-4620 South Santa Fe Avenue, Vernon, has been sold for $18 million. The property encompasses a total of 114,720 square feet, resulting in a price per square foot of $157. This sale reflects a continued interest in the industrial market within one of Central Los Angeles's key manufacturing corridors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18,000,000
• Buyer: Jacob Khobian - Paper Source Converting
• Seller: Marty Bryant - Consolidated Fabricators Corp
• Square Footage: 114,720
• Price per Square Foot: $157
• Market: Vernon

The transaction involved Jacob Khobian representing Paper Source Converting, which is expanding its manufacturing footprint with this acquisition. The seller, Marty Bryant of Consolidated Fabricators Corp, divested the property in a deal characterized as an owner-user transaction, indicative of local manufacturers consolidating and expanding operations within the tight industrial market of Vernon.