Leggings Depot Signs 5 Year Modified Gross Lease At 5333 South Downey Road In Vernon
5333 South Downey Road
$12
$12/SF
Building Size
56,000 SF
Asset Type
Industrial
Closing
Dec 26, 2025
AI
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.
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
1321916.67%
Cash-on-Cash
-377807.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93