Updated May 12, 2025
Los Angeles Opera Leases Industrial Space In Vernon For $55/sf
4500 District Blvd, Vernon, CA, USA
Building Size
40,000 SF
Asset Type
Industrial
Closing
Sep 16, 2019
About this deal
AI
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.
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