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2834 North Naomi Street, Bu...

Alex Matevosian Of KW Commercial Sells Industrial Property In San Fernando Valley For $2.45M
SOLDIndustrial

Alex Matevosian Of KW Commercial Sells Industrial Property In San Fernando Valley For $2.45M

2834 North Naomi Street, Burbank, CA, USA

$2,450,000

$488/SF

Building Size

5,015 SF

Asset Type

Industrial

Closing

Jun 24, 2021

AI

Located in the San Fernando Valley neighborhood of Burbank, the industrial property at 2834 N. Naomi St has recently been sold. The transaction was facilitated by Alex Matevosian of KW Commercial. The property spans an area of 5,015 square feet and was sold for a price of $2,450,000, resulting in a price per square foot of $488.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,450,000
  • Address: 2834 N. Naomi St
  • Market: San Fernando Valley, Burbank
  • Broker: Alex Matevosian - KW Commercial

Alex Matevosian of KW Commercial played a pivotal role as the broker in this transaction. With their expertise and representation, the sale of the industrial property at 2834 N. Naomi St in Burbank was successfully completed.

Players

Alex Matevosian

MIG Commercial Real Estate Services

Broker

$12.6M

vol

8 deals

Broker
JohnHart Real Estate
JohnHart Real EstateBrokerage

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

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93