NAI Capital Brokers Sell Office Building In Vernon For $11.6M
SOLD
California
See Similar DealsOffice39,409 SF
Sold 07/29/2020
SOLD
NAI Capital Brokers Sell Office Building In Vernon For $11.6M
3375 Slauson Ave, Vernon, CA 90058, USA
See Similar DealsOffice39,409 SF
Sold 07/29/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$294
Total Square Footage:39,409 SF
Transaction Type:Sale
A property asset located at 3375 E Slauson Ave in Vernon has been sold for $11,600,000. The office building spans across 39,409 square feet, resulting in a price per square foot of $294.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,600,000
- Square Footage: 39,409
- Price per Square Foot: $294
- Address: 3375 E Slauson Ave
- Market: Vernon
The sale of this office property was facilitated by Philip “Ted” Attalla, David Moore, and Amber Leigh from NAI Capital.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$618,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,989.92
Annual Debt Service$659,879.02
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