Westport Properties Acquires Industrial Property In Los Angeles For $5.4M

An industrial property located at 4830 Valley Blvd, Los Angeles, CA, has been sold for $5,400,000.00. The asset spans 2.2 acres and is situated in the Los Angeles market. The buyer, Westport Properties, plans to develop a three-story, 152,000-square-foot self-storage facility at this site.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,400,000.00
• Address: 4830 Valley Blvd, Los Angeles, CA
• Market: Los Angeles
• Buyer: Westport Properties
• Seller: Unknown
• Seller's Representative: Michael J Collins-Cushman & Wakefield, Michael "Mike" Collins-Cushman & Wakefield
• Buyer's Representative: Ben Spinner of DAUM Commercial Real Estate Services

This transaction highlights the involvement of several key individuals in the deal. Ben Spinner acted on behalf of Westport Properties, while the private seller was represented by James Vu and Michael Collins, both also from DAUM. Westport Properties has a history of developing self-storage facilities, including their recent project at 2500 W. Hellman Ave. in Alhambra, CA, and a current undertaking at 1901 W. El Segundo Blvd. in Compton, CA.