SOLDIndustrial
Marco A. Bonilla Living Trust Acquires Industrial Property In Burbank For $1.5M
2900 North Naomi Street, Burbank, CA 91504, USA
$1,500,000
$253/SF
Building Size
5,911 SF
Asset Type
Industrial
Closing
May 30, 2019
AI
A 5,911 square foot industrial property located at 2900 N Naomi St in Burbank has been sold for $1,500,000. The property was purchased by the Marco A. Bonilla Living Trust from the Eric Wyser Estate Trust.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 2900 N Naomi St
- Market: Burbank
The deal was facilitated by brokers David Schatz, Ryan Serling, Martin Agnew, and John Lally.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93