Defaulted Fully Refurbished Cold Storage Warehouse w/ 5 Dock High Doors in City Of Vernon on 1 Acre

Property consists of a 20853 SF warehouse with 9653 SF of dry storage and 9000 SF of cold storage in five coolers with temperatures as low as 29 degrees & ranging from 893 SF to 3240 SF. Their is 2 offices totaling 2200 SF with a mezzanine and the ceiling heights are 16' and
the building is fully sprinkled with 600 AMPS of power with 5 dock high doors. Located in easy to reach area of the City of Vernon near Downey Rd and 26th Street. Easy Access to the 710, 5, 101 and 10 fwy' Built in 1952 and refurbished in 2020.

Original Loan Amount $3,440,000 from 2021
Current Interest Rate 13.5%
Maturity Date October 2031
NOD Filed 11/27/2024
Payments behind over 139 days
Property was in escrow for $7,000,000
but when Phase 1 was done some
issues came up but can still
be leased out for now.
Appraised Value @ $7,750,000 from 9/2024