DAUM Commercial Real Estate Services, a provider of commercial real estate services, has directed the $30.5 million acquisition of a 111,640 square-foot property encompassing a warehouse building and a two-story office building in San Dimas, Calif., located in Los Angeles County’s Eastern San Gabriel Valley.
DAUM represented the owner-user buyer, HiRel Connectors, in the transaction. They have more than 300 skilled employees who will occupy this facility.
The buyer was initially outbid by the largest ecommerce company, who had 60 days to close.
Citizens Business Bank of Torrance, Calif., delivered an immediate loan commitment, appraisal and environmental reports in the 18-day window.
RDS Investment of Beverly Hills, Calif., was the seller in this transaction. RDS was represented by SIOR and Colliers. RDS went on to use its funds from the San Dimas sale to complete a 1031 exchange.
