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
46,927 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 , LLC. acquiring the property from seller Reza Abbaszadeh.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,800,000
- Buyer: , 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, , 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