Updated Sep 5, 2024
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
About this deal
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.
On the Map
$5,795,000
$288/SF
Industrial
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Players
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