Steven Korkarian Acquires Industrial Property On Foothill Blvd. In San Fernando Valley For $750,000
12846 Foothill Boulevard, Sylmar, California 91342, United States
$750,000
$398/SF
Building Size
1,883 SF
Asset Type
Industrial
Closing
Jun 23, 2022
AI
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.
Players
Los Angeles 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
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93