Updated Oct 13, 2026
Greg Goodman Of Goodman Group Leases 350500 SF Industrial Space In Vernon To Archer
3163 East Vernon Avenue
Building Size
350,500 SF
Asset Type
Industrial
Closing
May 9, 2025
About this deal
AI
The leased property is an industrial asset located at 3049, 3095 & 3163 East Vernon Avenue in Vernon, covering a total square footage of 350,500. The deal involves the Goodman Group as the landlord.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Greg Goodman - Goodman Group
- Tenant: Eugene Kang - Archer
- Facility Formerly: Farmer John plant
- Planned Investment: $30 million for conversion
- Partnership: Dodgers’ official meat snack provider
Greg Goodman represents Goodman Group in this transaction, while Eugene Kang represents Archer. Archer is expanding from San Bernardino and aims to keep the Dodger legacy associated with the facility alive following Farmer John’s exit in 2022.
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