MJH 4201, LLC DBA Hemish Fashion, a women’s apparel company, has purchased a 28,000 square foot industrial facility located at 4201 Charter Street in Vernon, California, for $6,325,000. The seller 4201 Charter Street Enterprises, LLC was represented in the transaction by Kidder Mathews commercial real estate brokers Jon Reno, SIOR, CCIM, Trevor Gale, SIOR, and Mark Vanis.
4201 Charter Street is a 28,000 square foot free-standing industrial manufacturing building. It includes 2,800 square feet of nicely appointed office space, a showroom, and both dock-high and ground-level loading. It’s situated on a 44,000 square foot lot, strategically located in Central Los Angeles, south of downtown. The property is close to another building owned and operated by the buyer in downtown Los Angeles.
“This transaction was notable for its size and the sale price for this market during COVID-19,” said Gale. “It was a mutually beneficial deal for both parties involved and a smooth, successful transaction during such trying times,” he said.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9.6 billion in transactions, manages over 71 million square feet of space, and conducts over 1,700 appraisals annually. For more information, visit kidder.com.