SOLDIndustrial
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
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.
Players
Vernon Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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