The property involved in the transaction is a cold-storage facility located at 3520 E Vernon Ave, Vernon, CA, 90058. The facility, known as Vernon Avenue Logistics Center, spans 46,422 square feet and has a sale price of $14,800,000. It features commercial kitchens, cold prep space, a fully racked cooler and freezer, dry storage space, a 32-foot minimum clearance, seven dock-high doors, and one ground-loading door at a 3,700-square-foot refrigerated dock. Additionally, it includes 3,000 square feet of office and mezzanine space. The facility was built in March 2020 and is fully leased on a long-term basis to a Los Angeles-based restaurant group.

Summary of transaction details:

• Property Type: Cold-storage facility
• Transaction Amount: $14,800,000
• Address: 3520 E Vernon Ave, Vernon, CA, 90058
• Market: Vernon
• Seller: Dedeaux Properties
• Seller's Representative: Jeff Chiate & Mike Adey - Cushman & Wakefield
• Buyer: Unknown
• Buyer's Representative: Scott Heaton - Colliers International
• Square Footage: 46,422

Jeff Chiate and Mike Adey from Cushman & Wakefield acted as the seller's representatives in this transaction, while Scott Heaton from Colliers International represented the buyer. The property was acquired by a Los Angeles-based family, reflecting the continuing interest in logistics and cold-storage facilities within the market.