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1631 Gardena Avenue

Andrew Christian Sells Industrial Asset At 1631 Gardena Avenue Glendale For $4.95M
SOLDIndustrial

Andrew Christian Sells Industrial Asset At 1631 Gardena Avenue Glendale For $4.95M

1631 Gardena Avenue

$4,950,000

$408/SF

Building Size

12,123 SF

Asset Type

Industrial

Closing

Jan 7, 2026

AI

This transaction involved an industrial asset located at 1631 Gardena Avenue in Glendale, sold for a total of $4,950,000. The property comprises 12,123 square feet, resulting in a price per square foot of $408.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,950,000
  • Address: 1631 Gardena Avenue
  • Market: Glendale
  • Square Footage: 12,123
  • Price Per Square Foot: $408
  • Seller: Andrew Christian
  • Broker: Karl Markarian & Jeffrey Peldon - One West Group - eXp Commercial

The transaction was notable for the representation of both the buyer and seller by Karl Markarian and Jeffrey Peldon, illustrating the demand for well-located assets in core infill markets. The execution of this deal was described as disciplined from start to finish, resulting in a strong outcome for all parties involved.

Players

Karl Markarian

eXp World Holdings

Broker

$69.9M

vol

14 deals

Broker

Glendale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.20%

Cash-on-Cash

-0.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93