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7850 Haskell Avenue

David Barnes Company Leases Industrial Space At 7850 Haskell Avenue In Van Nuys For $1.60/ft
LEASEDIndustrial

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

Parker Jones

Broker

$9.8M

vol

3 deals

Broker

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