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2425 E 38th St, Vernon, CA ...

First Hydro, INC Leases Industrial Property At 2425 E 38th Street In Vernon
LEASEDIndustrial

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

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.

Players

Frank Lahijani

Global Commercial Real Estate

Broker

$93.8M

vol

8 deals

Broker

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