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1838 Flower Street, Glendal...

John Jackson Jr. Acquires Industrial Property In Glendale, CA For $7M From Seller Adam Carolla
SOLDIndustrial

John Jackson Jr. Acquires Industrial Property In Glendale, CA For $7M From Seller Adam Carolla

1838 Flower Street, Glendale, California 91201, United States

$7,000,000

$544/SF

Building Size

12,867 SF

Asset Type

Industrial

Closing

Sep 23, 2022

AI

An industrial property located at 1838-1842 Flower St, Glendale, CA, was recently sold for $7,000,000. The property spans 12,867 square feet, resulting in a price per square foot of $544.

Summary of transaction details

The deal was facilitated by Paul Brehme and Brad McCoy from Lee & Associates West LA, representing the buyer, and Martin Agnew and Ryan Serling from Agnew | Serling Group - Marcus & Millichap, representing the seller.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

John Jackson Jr.

Buyer

$21.2M

vol

4 deals

Buyer

Adam Carolla

Seller

$11.4M

vol

3 deals

Seller

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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93