Updated Oct 29, 2024
Bursed Properties LLC Acquires Industrial Property On Floyd St In Burbank For $1.67M
2110 Floyd St, Burbank, CA 91504, USA
$1,670,000
$3,457/SF
Building Size
483 SF
Asset Type
Industrial
Closing
Apr 21, 2020
About this deal
AI
Bursed Properties, LLC has recently acquired an industrial property located at 2110-2114 Floyd St in Burbank. This property spans 4,830 square feet and was sold for a total price of $1,670,000, resulting in an average price per square foot of $345. The transaction involved a total of 3 units, with an average price per unit of $556,666.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,670,000
- Address: 2110-2114 Floyd St, Burbank
- Market: Burbank
- Buyer: Bursed Properties, LLC
- Seller: Payne Investment Company
- Seller's Representative: Ryan Serling & Martin Agnew @AgnewSerlingGroup
- Buyer's Representative: Scott Cox
- Square Footage: 4,830
- Price per Square Foot: $345
- Units: 3
- Price per Unit: $556,666
Ryan Serling & Martin Agnew, representing the seller's side, facilitated the transaction along with Scott Cox, the buyer's representative.
Players
Burbank 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
9.50%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93