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
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