Updated Nov 20, 2023
Jan R. Ostendorf Acquires Industrial Property In Vernon For $2.5M
2111 East 51st Street, Vernon, CA 90058, USA
$2,500,000
$242/SF
Building Size
10,300 SF
Asset Type
Industrial
Closing
Jul 30, 2018
About this deal
AI
A 10,300 square foot industrial property located at 2111 E 51st Street in Vernon, LA Central was sold for $2,500,000. The property has a price per square foot of $242.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- SF: 10,300
- PPSF: $242
- Market: Vernon, LA Central
- Buyer: Jan R. Ostendorf
- Seller: George Wang
- Brokers: Mark Zakarian
The deal was facilitated by Mark Zakarian. There is no additional information available about this transaction.
The industrial sale at 2111 East 51st Street, Vernon, CA 90058, USA in Vernon, California sold for $2.5M in 2018. The building is 10,300 square feet, implying about 242 per square foot on the published price. Named participants on the 2111 East 51st Street, Vernon, CA 90058, USA sale are Mark Zakarian. This page is the Vernon, California file for the 2111 East 51st Street, Vernon, CA 90058, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Vernon sit in the Market section below. Filter that Vernon industrial set by closing date to see what else sold near 2111 East 51st Street, Vernon, CA 90058, USA around 2018. Published consideration for 2111 East 51st Street, Vernon, CA 90058, USA is $2.5M, dated 2018. Cite this Jan R. Ostendorf Acquires Industrial Property In Vernon For $2.5M sale when underwriting similar industrial product around Vernon, California.
Players
Vernon Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93