Steven Korkarian Acquires Industrial Property On Foothill Blvd. In San Fernando Valley For $750,000
SOLD
$750,000
California
See Similar DealsIndustrial1,883 SF
Sold 06/24/2022
SOLD
Steven Korkarian Acquires Industrial Property On Foothill Blvd. In San Fernando Valley For $750,000
12846 Foothill Boulevard, Sylmar, California 91342, United States
See Similar DealsIndustrial1,883 SF
Sold 06/24/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$398
Total Square Footage:1,883 SF
Transaction Type:Sale
The industrial property located at 12846 Foothill Blvd. in San Fernando Valley has been sold in a recent transaction. The property spans 1,883 square feet and was sold for a price of $750,000, resulting in a price per square foot of $398. The sale took place on June 24, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $750,000
- Address: 12846 Foothill Blvd.
- Market: San Fernando Valley
The buyer in this transaction is Steven Korkarian, while the seller is William Johnson. Alex Matevosian from JohnHart Commercial represented the buyer, Steven Korkarian, in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$40,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,664.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,555.38
Annual Debt Service$42,664.59
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