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Wimatex Inc. Acquires 1.3 Acre Retail Property In Vernon, CA For $4.7M

Property Image
SOLD
$4,700,000
David Maling
Christopher (Chris) Maling

California

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Retail14,000 SF
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Wimatex Inc. Acquires 1.3 Acre Retail Property In Vernon, CA For $4.7M

2544 Alameda Street

See Similar Deals
Retail14,000 SF
Sold
David Maling
Christopher (Chris) Maling
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$335
Total Square Footage:14000 SF
Transaction Type:Sale

Trucking company Wimatex Inc. has purchased the 14,000-square-foot Vernon Shopping Center in Los Angeles' industrial hub for $4.7 million. The property, located on 1.3 acres in Vernon, California, is 77% occupied at the time of sale.

Summary of Transaction Details

  • Property Type: Retail
  • Sale Price: $4,700,000
  • Square Footage: 14,000
  • Price Per Square Foot: $336
  • Address: 2544-2550 Alameda Street, Vernon, California
  • Market: Vernon

The buyer, Wimatex Inc., a trucking company, acquired the Vernon Shopping Center. The seller, DP Vernon Retail LLC, sold the property for $4.7 million. The transaction was facilitated by brokers Chris Maling and David Maling from Avison Young.

Players

David Maling
Avison Young
David Maling
12 deals$98.6M volume
BROKER
Christopher (Chris) Maling
Avison Young
Christopher Maling
10 deals$79M volume
BROKER

Details

SOLD
IMAGE: David Maling & Chris Maling DATE: 10/19/2023 ADDRESS: 2544-2550 Alameda Street MARKET: Vernon ASSET TYPE: Retail ~ ACRES: 1.3 BUYER: Wimatex Inc. SELLER: DP Vernon Retail LLC BROKERS: Chris Maling & David Maling - Avison Young (@Avison_Young_Global) SALE PRICE: $4,700,000 SF: 14,000 ~ PPSF: $336 NOTE: Trucking company Wimatex Inc. has purchased the 14,000-square-foot Vernon Shopping Center in Los Angeles' industrial hub for $4.7 million. The property, 77% occupied at the time of sale, is located on 1.3 acres in Vernon, California.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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