John Jackson Jr. Acquires Industrial Property In Glendale, CA For $7M From Seller Adam Carolla
SOLD
$7,000,000
+ 3
California
See Similar DealsIndustrial12,867 SF
Sold 09/23/2022
SOLD
John Jackson Jr. Acquires Industrial Property In Glendale, CA For $7M From Seller Adam Carolla
1838 Flower Street, Glendale, California 91201, United States
See Similar DealsIndustrial12,867 SF
Sold 09/23/2022
+ 3
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$544
Total Square Footage:12,867 SF
Transaction Type:Sale
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
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Address: 1838-1842 Flower St, Glendale, CA
- Market: Glendale, CA
- Buyer: John Jackson Jr.
- Seller: Adam Carolla
- Buyer's Rep: Paul Brehme & Brad McCoy - Lee & Associates West LA
- Seller's Rep: Martin Agnew & Ryan Serling - Agnew | Serling Group - Marcus & Millichap
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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