Updated Sep 5, 2024
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
About this deal
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.
On the Map
$2,450,000
$488/SF
Industrial
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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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93