David Barnes Company Leases Industrial Space At 7850 Haskell Avenue In Van Nuys For $1.60/ft
7850 Haskell Avenue
$1
$1/SF
Building Size
31,000 SF
Asset Type
Industrial
Closing
Oct 22, 2024
AI
An industrial property located at 7850 Haskell Avenue in the Van Nuys market was involved in a lease transaction. The property has a total square footage of 31,000 and has an asking rent of $1.60 per square foot. The lease type is a modified gross lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $49,600
- Address: 7850 Haskell Avenue
- Market: Van Nuys
- Landlord: Apprenticeship and Journeymen Training Trust Fund – Devin Sanguansukdikosol (CFO) and Preston Riehl (CEO)
- Tenant: David Barnes Company
- Brokers: Parker Jones & Daniel O'Neil - Rancho Realty GroupCorporation
Parker Jones and Daniel O'Neil represented Rancho Realty Group Corporation in this lease transaction, providing their expertise and services to facilitate the agreement between the landlord and tenant. The deal includes the participation of key individuals from the Apprenticeship and Journeymen Training Trust Fund, specifically Devin Sanguansukdikosol as CFO and Preston Riehl as CEO.
Players
Van Nuys 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
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93