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Tigran Garabekyan Sells 10,000 SF Industrial Property In Glendale For $2.5M

Property Image
SOLD
$2,500,000
Stephen (Steve) Hampar
Oliver Ghadoushi

California

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Tigran Garabekyan Sells 10,000 SF Industrial Property In Glendale For $2.5M

1725 Standard Avenue, Glendale, CA, USA

See Similar Deals
Industrial10,000 SF
Sold
Stephen (Steve) Hampar
Oliver Ghadoushi
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$250
Total Square Footage:10000 SF
Transaction Type:Sale

The industrial property located at 1725-1729 Standard Ave. in Glendale has been sold for $2,500,000. The property spans 10,000 square feet, resulting in a price per square foot of $250. The sale took place on March 23, 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,500,000
  • Address: 1725-1729 Standard Ave.
  • Market: Glendale
  • Seller: Tigran Garabekyan
  • Brokers: Oliver Ghadoushi @Oliver_CRE and Steve Hampar

Oliver Ghadoushi of Oliver_CRE and Steve Hampar represented the seller in this transaction.

Players

Oliver Ghadoushi
Compass
Oliver Ghadoushi
8 deals$30.7M volume(323) 302-8282
BROKER
Stephen (Steve) Hampar
Stephen Hampar
3 deals$22.1M volume
BROKER

Details

SOLD
IMAGE: Oliver Ghadoushi @Oliver_CRE DATE: 03/23/2021 ADDRESS: 1725-1729 Standard Ave. MARKET: Glendale ASSET TYPE: Industrial SELLER: Tigran Garabekyan BROKERS: Oliver Ghadoushi @Oliver_CRE & Steve Hampar SALE PRICE: $2,500,000 SF: 10,000 ~ PPSF: $250

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31