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

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.