Matt Sawyer Acquires Industrial Property On Vernon Ave, Azusa For $4.5M
844 N Vernon Ave, Azusa, CA 91702, USA
$4,500,000
$428/SF
Building Size
10,500 SF
Asset Type
Industrial
Closing
Aug 27, 2020
AI
The industrial property located at 844 Vernon Ave in Azusa has been sold for $4,500,000. The property sits on a spacious 2.4-acre lot, providing ample space for industrial activities.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Lot Size: 2.4 Acres
- Address: 844 Vernon Ave, Azusa
- Market: Azusa
The seller of the property was Paul Forgette, while the buyer was Matt Sawyer. The transaction was facilitated by Joseph Harmon and Charles Johnson from Daum Commercial. For more information about this transaction, you can contact Joseph directly at (626) 840-7040 or via email at [email protected].
Players
Azusa 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93