The property asset involved in this transaction is located at 5333 South Downey Road in Vernon, featuring an industrial asset type. The leased space covers 56,000 square feet at an asking rent of $0.85 per square foot. The lease agreement spans a term of 5 years and is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $0.85/ft
• Square Footage: 56,000
• Lease Term: 5 years
• Lease Type: Modified Gross Lease
• Tenant: Leggings Depot
• Address: 5333 South Downey Road
• Market: Vernon
• Brokers: Andy Andranik Kozanian, Johny Mansuryan & Sarkis Galadjian - Encore Realty Group; Aaron Voskani - MIG Commercial Real Estate Services

Key individuals involved in this transaction include Andy Andranik Kozanian, Johny Mansuryan, and Sarkis Galadjian representing Encore Realty Group, along with Aaron Voskani from MIG Commercial Real Estate Services, who also played a role in facilitating the lease. Their expertise contributed to the successful negotiation of the lease agreement with Leggings Depot.