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
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