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12840 Bradley Avenue

Brock Hardaway Of PRN Ambulance Engages Long-Term Lease For 41,536 SF Industrial Space In Sylmar
LEASEDIndustrial

Brock Hardaway Of PRN Ambulance Engages Long-Term Lease For 41,536 SF Industrial Space In Sylmar

12840 Bradley Avenue

Building Size

41,536 SF

Asset Type

Industrial

Closing

Dec 17, 2024

AI

The property asset involved in this transaction is a 41,536-square-foot industrial building located at 12840 Bradley Avenue in Sylmar, CA. The asset features a fully air-conditioned warehouse and includes 7,000 square feet of office space, catering to the operational needs of the tenant.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Lease Term: Long-term
  • Landlord: David S. Felman - Anderson Holdings, LLC
  • Tenant: Brock Hardaway - PRN Ambulance
  • Landlord's Representative: Chad Gahr & David Young - NAI Capital Commercial
  • Tenant's Representative: Kevin Carroll & Paul O’Dobinak - Colliers

The deal was arranged by NAI Capital Commercial's Chad Gahr and David Young on behalf of the landlord. The tenant, PRN Ambulance, will utilize the renovated facility as its headquarters, dispatch, training, and storage center.

Players

Chad Gahr

NAI Global

Broker

$23.7M

vol

5 deals

Broker

Sylmar Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93