Updated Dec 20, 2023
Tigran Garabekyan Sells 10,000 SF Industrial Property In Glendale For $2.5M
1725 Standard Avenue, Glendale, CA, USA
$2,500,000
$250/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Mar 22, 2021
About this deal
AI
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.
The industrial sale at 1725 Standard Avenue, Glendale, CA, USA in Glendale, California sold for $2.5M in 2021. The building is 10,000 square feet, implying about 250 per square foot on the published price. Stephen (Steve) Hampar, Oliver Ghadoushi, Compass appear on the sale alongside Compass. This page is the Glendale, California file for the 1725 Standard Avenue, Glendale, CA, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Glendale sit in the Market section below. Filter that Glendale industrial set by closing date to see what else sold near 1725 Standard Avenue, Glendale, CA, USA around 2021. Published consideration for 1725 Standard Avenue, Glendale, CA, USA is $2.5M, dated 2021. Cite this Tigran Garabekyan Sells 10,000 SF Industrial Property In Glendale For $2.5M sale when underwriting similar industrial product around Glendale, California.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93