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
Glendale 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
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93