SOLDIndustrial
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
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.
Players
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93