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2640 East 26th Street

Privy Acquires Industrial Building In Vernon From Daum Commercial For $13.7M
SOLDIndustrial

Privy Acquires Industrial Building In Vernon From Daum Commercial For $13.7M

2640 East 26th Street

$13,700,000

Building Size

Asset Type

Industrial

Closing

Feb 29, 2024

AI

An industrial building located at 2640 East 26th Street in Vernon has been sold for $13.7 million. This 40,129-square-foot property was acquired by apparel wholesaler Privy and will serve as its expanded headquarters. The transaction was facilitated by DAUM Commercial's Anthony Bergeman, Michael Chase, and Krishna Shegran representing the seller, and Steven Kim of One Commercial representing Privy. Additional involvement came from DAUM's Moon Lim and Ryan Judd.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,700,000
  • Market: Vernon
  • Square Footage: 40,129
  • Address: 2640 East 26th Street

The deal involved key individuals in the transaction including Anthony Bergeman, Krishna Shegran, Michael Chase, Moon Lim, Ryan Judd, and Steven Kim, each playing a crucial role in the successful sale of the industrial property in Vernon.

Players

Steven Kim

One Commercial

Broker

$20.9M

vol

2 deals

Broker

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

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93