Los Angeles Opera Leases Industrial Space In Vernon For $55/sf
$0
LEASED
California
See Similar DealsIndustrial40,000 SF
Leased 09/17/2019
$0
LEASED
Los Angeles Opera Leases Industrial Space In Vernon For $55/sf
4500 District Blvd, Vernon, CA, USA
See Similar DealsIndustrial40,000 SF
Leased 09/17/2019
Summary
CALIFORNIA
Asset Type:Industrial
Total Square Footage:40,000 SF
Transaction Type:Lease
The property asset involved in this transaction is an industrial space located at 4500 District Blvd in Vernon. The asset has a total square footage of 40,000 and was leased at an asking price of $55 per square foot.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $55/sf
- Address: 4500 District Blvd
- Market: Vernon
- Tenant: Los Angeles Opera
- Landlord: DAZ Investments
- Brokers: Brian Rivera - Compass Commercial, Partners CRE
Key individuals involved in the deal include Brian Rivera, who represented the landlord at Compass Commercial, along with Partners CRE, who were part of the brokerage team for the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,292,775.86
Total Lease Value
$22,927,758.62
Net Landlord Cash Flow$2,292,775.86
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