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
- 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.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93