Updated Oct 29, 2024
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
About this deal
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.
On the Map
$4,000,000
$118/SF
Development Site
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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