The property is located on the corner of Santa Fe Avenue and east 55th Street in a densely industrial neighborhood south of downtown Los Angeles. Adler plans to renovate the building in the short term and upgrade the existing structure and systems for the tenant. The total land for the project totals nearly four acres providing the potential for a future redevelopment of the site into a larger and more modern food distribution center.

“We are excited about the acquisitions since industrial buildings in Vernon rarely are available to purchase.” said Michael Adler, president of Adler. “We are actively looking for other value-add and opportunistic properties to acquire for our investors.”

Will Smith of Colliers International represented both Seller and Buyer in this transaction.