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2535 East 49th Street

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

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

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

Scott Pettitt

Seller

$11.6M

vol

2 deals

Seller

Market 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