Bobby Banafsheian Acquires Industrial Property In Vernon For $1.8M

Compass is pleased to announce the sale of 5205 Pacific Blvd, an industrial property located in Vernon. The property is a primely located, corner-lot industrial warehouse with a gated parking lot. The transaction was completed at the full-asking price of $1,800,000 and the property was sold in as-is condition. The quick closing period added to the efficiency of the deal.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $1,800,000
• Date: 11/29/2021
• Address: 5205 Pacific Blvd
• Market: Vernon
• Buyer: Bobby Banafsheian
• Seller: Todd Beal
• Brokers: Oliver Ghadoushi & Greg Engel - Compass
• Square Footage: 7,437
• Price per Square Foot: $242
• Lot Size: 10,527 SF

Oliver Ghadoushi and Greg Engel of Compass represented the buyer and seller in this transaction. For more information on this deal or other opportunities in the pipeline, please contact Oliver Ghadoushi or Greg Engel directly.