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3870 Seville Avenue

Ryan McClean Of First Industrial Realty Trust Acquires Industrial Property In Vernon For $15.75M
SOLDIndustrial

Ryan McClean Of First Industrial Realty Trust Acquires Industrial Property In Vernon For $15.75M

3870 Seville Avenue

$15,750,000

$297/SF

Building Size

52,929 SF

Asset Type

Industrial

Closing

Jun 27, 2024

AI

The property asset involved in this transaction is an industrial facility located at 3870 Seville Avenue in the Vernon market. The sale was completed for a transaction amount of $15,750,000. The property encompasses a total square footage of 52,929, resulting in a price per square foot of $297.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $15,750,000
  • Square Footage: 52,929
  • Price per Square Foot: $297
  • Address: 3870 Seville Avenue
  • Market: Vernon
  • Buyer: Ryan McClean - First Industrial Realty Trust, Inc.
  • Seller's Representative: Barbara Perrier & Eric Cox - CBRE

This transaction involved key individuals such as Ryan McClean representing First Industrial Realty Trust, Inc. on the buyer's side. The sellers were represented by Barbara Perrier and Eric Cox from CBRE, contributing to the completion of this deal in the industrial sector.

Players

Barbara Perrier

CBRE

Broker

$1.8B

vol

36 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

1.01%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93