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2532 E 49th, Vernon, CA 900...

Danny Kwon Acquires Industrial Property In Vernon For $5.8M
SOLDIndustrial

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

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

Scott Pettitt

Seller

$11.6M

vol

2 deals

Seller

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

2.74%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93