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.
Vernon Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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