Kidder Matthews Broker Team Sells Industrial Property In Vernon For $18.6M
3305 E Vernon Ave, Vernon, CA, USA
$18,550,000
$179/SF
Building Size
103,603 SF
Asset Type
Industrial
Closing
Sep 15, 2020
AI
An industrial property located at 3305 E Vernon Ave in Vernon has been sold for $18,550,000. The property spans 103,603 square feet and has a price per square foot of $179. The transaction took place on September 16, 2020. The property is situated in the Vernon market.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $18,550,000
- Square Footage: 103,603
- Price Per Square Foot: $179
- Transaction Date: September 16, 2020
- Market: Vernon
Janet Neman, Angelica Gotzev, and Nick Arnst from Kidder.Matthews served as the brokers for this sale.
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
0.86%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93