Matt Sawyer Acquires Industrial Property On Vernon Ave, Azusa For $4.5M
SOLD
$4,500,000
California
See Similar DealsIndustrial10,500 SF
Sold 08/28/2020
SOLD
Matt Sawyer Acquires Industrial Property On Vernon Ave, Azusa For $4.5M
844 N Vernon Ave, Azusa, CA 91702, USA
See Similar DealsIndustrial10,500 SF
Sold 08/28/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$428
Total Square Footage:10,500 SF
Transaction Type:Sale
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].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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