Danny Kwon Acquires Industrial Property In Vernon For $5.8M
2532 E 49th, Vernon, CA 90058, USA
$5,795,000
$288/SF
Building Size
20,100 SF
Asset Type
Industrial
Closing
Mar 24, 2023
AI
The industrial property located at 2532 E 49th in Vernon has been sold. The transaction took place on 03/24/2023 at a sale price of $5,795,000. The property spans across 20,100 square feet, resulting in a price per square foot of $288. The buyer of the property is Danny Kwon, while the seller is Scott Pettitt.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,795,000
- Address: 2532 E 49th, Vernon
- Market: Vernon
The deal was facilitated by brokers Jake Zacuto, Andrew Sinasohn, and Gabe Hisem of Zacuto Group, who represented both the buyer and the seller in the 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
2.74%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93