Updated Oct 29, 2024
Crown Poly Purchases Warehouse On Bickett St In Vernon For $13.7M
5601 Bickett St, Vernon, CA, 90058
$13,700,000
$286/SF
Building Size
47,744 SF
Asset Type
Warehouse
Closing
Nov 20, 2023
About this deal
AI
The warehouse building located at 5601 Bickett St in Vernon, CA, 90058 has been sold for $13.7 million. The property, spanning 47,744 square feet, features 26-foot clear heights, five exterior docks, two drive-in doors, and 9,000 square feet of office space. Constructed in 2002, it was acquired by Crown Poly from private apparel manufacturer Katie K.
Summary of transation details:
- Property Type: Warehouse
- Transaction Amount: $13,700,000.00
- Market: Vernon
- Seller's Representative: Kevin Kimbrough (JLL)
- Buyer: Crown Poly
- Address: 5601 Bickett St, Vernon, CA, 90058
- Square Footage: 47,744
Kevin Kim of Coldwell Banker Commercial JM Properties acted as the seller's representative in the transaction involving the warehouse purchase by Crown Poly. The deal brought together Crown Poly, a sustainable bagging solutions producer based in Southern California, and Katie K, a private manufacturer of apparel.
Players
Vernon Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93