A 29-acre industrial site located at 3049, 3095 & 3163 East Vernon Avenue in Vernon, Los Angeles has been sold for $32 million. The property, formerly operated by Smithfield Foods, has been purchased by Goodman North America, presenting a significant opportunity for industrial redevelopment in a strategic location.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $32,000,000
• Address: 3049, 3095 & 3163 East Vernon Avenue
• Market: Vernon
• Buyer: Goodman North America - Anthony Rozic
• Seller: Smithfield Foods
• Brokers: Michael Kendall, Gian Bruno & Kenny Patricia - Colliers

The deal was facilitated by brokers Michael Kendall, Gian Bruno, and Kenny Patricia from Colliers, ensuring a successful transaction between the buyer, Goodman North America, and the seller, Smithfield Foods.

With the acquisition of this industrial site, Goodman North America aims to capitalize on the property's strategic location and explore opportunities for redevelopment in the Vernon area.