Danny Kwon Acquires Industrial Property In Vernon For $5.8M
2535 East 49th Street
$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 for a price of $5,795,000. The property spans across 20,100 square feet, resulting in a price per square foot of $288. The transaction took place on March 24, 2023. The property is situated in the Vernon market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,795,000
- Address: 2532 E 49th
- Market: Vernon
- Square Footage: 20,100
- Price Per Square Foot: $288
Danny Kwon has acquired the property from Scott Pettitt. The deal was facilitated by brokers Jake Zacuto, Andrew Sinasohn, and Gabe Hisem from the Zacuto Group.
Players
Market 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