Updated Oct 29, 2024
First Hydro, INC Leases Industrial Property At 2425 E 38th Street In Vernon
2425 E 38th St, Vernon, CA 90058, USA
Building Size
30,832 SF
Asset Type
Industrial
Closing
Jul 28, 2020
About this deal
AI
An industrial property located at 2425 E 38th Street in Vernon has been leased. The property comprises of 30,832 square feet. The tenant, First Hydro, Inc, has agreed to lease the property from the landlord, 38th & Sant Fe, LLC. The lease transaction was facilitated by Frank Lahijani and Vee Sookiasian from Global Commercial Real Estate. The asking rent for the property was $10.92 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not mentioned
The leasing deal for the industrial property at 2425 E 38th Street in Vernon was successfully negotiated by First Hydro, Inc as the tenant and 38th & Sant Fe, LLC as the landlord. Frank Lahijani and Vee Sookiasian from Global Commercial Real Estate represented both parties in the deal.
On the Map
Industrial
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Players
Vernon 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