Bernard Katz Acquires Industrial Property In Glendale For $8.1M

Located in Glendale, the industrial property at 83-24 72 Drive recently changed ownership in a closed transaction. The property, which features a total square footage of 31,162 and a lot size of 35,411, fetched a sale price of $8,055,450. This translates to a price per square foot (PPSF) of $258. The property's building square footage (BSF) is 35,411, resulting in a price per building square foot (PPBSF) of $227. The property is zoned as M1-1, allowing for industrial use.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $8,055,450
• Market: Glendale
• Address: 83-24 72 Drive
• Buyer: Bernard Katz
• Seller: Thomas M Graham

The buyer in this transaction is Bernard Katz, represented by their broker from the respective agency. On the other hand, Thomas M Graham acted as the seller. The property sits on a lot with dimensions of 117.75 ft x 240.67 ft. It has a floor area ratio (FAR) of 0.88 and falls under tax class 4. Notably, the property had undergone an alteration permit of type 2 on December 6, 2010.