PacSun Gets $24.5m for Warehouse

Pacific Sunwear of California recently closed escrow on the sale of its former Anaheim, Calif., distribution center, which sold to a private party for $24.5 million.

PacSun recently moved its warehousing and distribution operations to a 400,000-square-foot facility in Olathe, Kan., which is more central to its national store coverage, including 815 PacSun stores and 125 PacSun outlets located in all 50 states as well as Puerto Rico.

The sale will reap the company an aftertax gain of about 10 cents per diluted share, to be recorded during the fourth quarter, said company officials.

PacSun’s main headquarters remains in Anaheim. —Robert McAllister