AKS Stage And Rentals Acquires Industrial Asset In Burbank For $17.8M
1101 Isabel Street, 1107 West Isabel Street & 1117 Isabel Street
$17,800,000
$126/SF
Building Size
140,781 SF
Asset Type
Industrial
Closing
Mar 21, 2024
AI
An industrial property located at 1101-1107 & 1117 West Isabel Street in Burbank has been sold for $17,800,000. The property spans 46,927 square feet, resulting in a price per square foot of $379. The transaction took place on 03/21/2024 with AKS Stage and Rentals, LLC. acquiring the property from seller Reza Abbaszadeh.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,800,000
- Buyer: AKS Stage and Rentals, LLC.
- Seller: Reza Abbaszadeh
- Buyer's Representative: Derek Newton - CBRE
- Seller's Representative: Greg Geraci & David Harding - Colliers International
- Address: 1101-1107 & 1117 West Isabel Street
- Market: Burbank
Derek Newton from CBRE represented the buyer, AKS Stage and Rentals, LLC., in this industrial property transaction, while Greg Geraci and David Harding from Colliers International represented the seller, Reza Abbaszadeh. This deal marks a significant acquisition in Burbank, showcasing the involvement of notable real estate professionals in the region.
Players
Burbank Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93