John Sarafian Acquires Industrial Property In Sun Valley From Terry Davis For $4M
SOLD
$4,000,000
California
See Similar DealsIndustrial12,414 SF
Sold 01/22/2024
SOLD
John Sarafian Acquires Industrial Property In Sun Valley From Terry Davis For $4M
11353 Penrose Street
See Similar DealsIndustrial12,414 SF
Sold 01/22/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$322
Total Square Footage:12,414 SF
Transaction Type:Sale
A industrial property located at 11353 Penrose Street in Sun Valley has been sold. The property spans 12,414 square feet and was sold for a price of $4,000,000, resulting in a price per square foot of $322.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Address: 11353 Penrose Street
- Market: Sun Valley
John Sarafian purchased the property from Terry Davis. Blas Fernandez and Brian Vu of IKON Properties LA, representing Terry Davis, facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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