Updated Dec 21, 2023
Charlie Park Sells Industrial Asset In Glendale For $6.6M With Martin Agnew & Ryan Serling - Marcus & Millichap
111 Concord Street, Glendale, California 91203, United States
$6,600,000
$285/SF
Building Size
23,100 SF
Asset Type
Industrial
Closing
Jan 10, 2022
About this deal
AI
Located in Glendale, the industrial property at 111-127 Concord St. was recently sold in a closed transaction. The property spans across 23,100 square feet and was sold for a total price of $6,600,000, resulting in a price per square foot of $285.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,600,000
- Square Footage: 23,100
- Address: 111-127 Concord St.
- Market: Glendale
The seller of the property was Charlie Park. The transaction was facilitated by Martin Agnew and Ryan Serling, representatives from Marcus & Millichap.
Players
Glendale 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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93