Bobby Banafsheian Acquires Industrial Property In Vernon For $1.8M
5205 Pacific Blvd, Vernon, CA, USA
$1,800,000
$242/SF
Building Size
7,437 SF
Asset Type
Industrial
Closing
Nov 29, 2021
AI
Compass is pleased to announce the sale of 5205 Pacific Blvd, an industrial property located in Vernon. The property is a primely located, corner-lot industrial warehouse with a gated parking lot. The transaction was completed at the full-asking price of $1,800,000 and the property was sold in as-is condition. The quick closing period added to the efficiency of the deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,800,000
- Date: 11/29/2021
- Address: 5205 Pacific Blvd
- Market: Vernon
- Buyer: Bobby Banafsheian
- Seller: Todd Beal
- Brokers: Oliver Ghadoushi & Greg Engel - Compass
- Square Footage: 7,437
- Price per Square Foot: $242
- Lot Size: 10,527 SF
Oliver Ghadoushi and Greg Engel of Compass represented the buyer and seller in this transaction. For more information on this deal or other opportunities in the pipeline, please contact Oliver Ghadoushi or Greg Engel directly.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93