Young Kim Acquires Industrial Asset At 3385 Leonis Boulevard For $22 Million With Tim Wallace As Buyer's Rep
SOLD
$22,000,000
California
See Similar DealsIndustrial55,136 SF
Sold 12/31/2024
SOLD
Young Kim Acquires Industrial Asset At 3385 Leonis Boulevard For $22 Million With Tim Wallace As Buyer's Rep
3385 Leonis Boulevard
See Similar DealsIndustrial55,136 SF
Sold 12/31/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$399
Total Square Footage:55,136 SF
Transaction Type:Sale
The industrial property located at 3385 Leonis Boulevard in Vernon features a total square footage of 55,136. The asset was sold for a price of $22,000,000, resulting in a price per square foot of $399.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,000,000
- Address: 3385 Leonis Boulevard
- Market: Vernon
- Square Footage: 55,136
- Price per Square Foot: $399
- Buyer: Young Kim
- Seller: Lily Chang
- Buyer's Representative: Tim Wallace - Cushman & Wakefield
- Seller's Representatives: Tony Naples & Mattison Behr - Lee & Associates
The transaction was facilitated by Tim Wallace acting on behalf of the buyer, Young Kim, while the seller, Lily Chang, was represented by Tony Naples and Mattison Behr from Lee & Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69
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