Updated Dec 4, 2024
John Sarafian Acquires Industrial Property In Sun Valley From Terry Davis For $4M
11353 Penrose Street
$4,000,000
$322/SF
Building Size
12,414 SF
Asset Type
Industrial
Closing
Jan 22, 2024
About this deal
AI
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.
The industrial sale at 11353 Penrose Street in Sun Valley, California sold for $4M in 2024. The building is 12,414 square feet, implying about 322 per square foot on the published price. Blas Fernandez, Brian vu, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Sun Valley, California file for the 11353 Penrose Street industrial sold: pricing, party profiles, and other closed industrial comps from the same Sun Valley sit in the Market section below. Filter that Sun Valley industrial set by closing date to see what else sold near 11353 Penrose Street around 2024. Published consideration for 11353 Penrose Street is $4M, dated 2024. Cite this John Sarafian Acquires Industrial Property In Sun Valley From Terry Davis For $4M sale when underwriting similar industrial product around Sun Valley, California.
Players
Sun Valley 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93