Sukian LLC Acquires Development Site In Burbank For $4M With Brokers Brad Wetherby, Martin Agnew, Ryan Serling & Josh Yaris
130-132 East Santa Anita Avenue, Burbank, CA, USA
$4,000,000
$118/SF
Building Size
33,846 SF
Asset Type
Development Site
Closing
Dec 16, 2020
AI
A development site located at 130-132 E Santa Anita Ave and 129-131 E Providencia Ave in Burbank has been sold for $4,000,000. The property spans 33,846 square feet and has a price per square foot of $118.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $4,000,000
- Address: 130-132 E Santa Anita Ave, 129-131 E Providencia Ave
- Market: Burbank
- Buyer: Sukian LLC
- Seller: Jeffrey R. Joseff Jr.
- Brokers: Brad Wetherby, Martin Agnew, Ryan Serling, and Josh Yaris - @AgnewSerlingGroup
- Built Square Feet: 33,846
- Price per Square Foot: $118
The sale of this development site was facilitated by the brokers Brad Wetherby, Martin Agnew, Ryan Serling, and Josh Yaris from the Agnew Serling Group.
Players
Burbank Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93