Javier Iroz Acquires Industrial Property In Burbank For $4.1M
2000 North Lincoln Street
$4,125,000
$594/SF
Building Size
6,936 SF
Asset Type
Industrial
Closing
Jan 10, 2024
AI
The industrial property located at 2000 North Lincoln Street in Burbank has been sold in a recent transaction. The property spans across 6,936 square feet and was sold for a total price of $4,125,000, resulting in a price per square foot of $595.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,125,000
- Address: 2000 North Lincoln Street
- Market: Burbank
- Square Footage: 6,936
The buyer in this transaction is Javier Iroz, while the seller is Bruce Woollen. Patrick Long from Stevenson Real Estate Services represented the buyer as the buyer's representative. On the other hand, Martin Agnew and Ryan Serling (represented by RyanrS14) from Marcus & Millichap acted as the seller's representatives.
Players
Burbank 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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93