BLT Enterprises Acquires Industrial Property In Burbank For $5.85M
SOLD
$5,850,000
California
See Similar DealsIndustrial10,246 SF
Sold 07/21/2022
SOLD
BLT Enterprises Acquires Industrial Property In Burbank For $5.85M
2901 Thorton Avenue
See Similar DealsIndustrial10,246 SF
Sold 07/21/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$571
Total Square Footage:10,246 SF
Transaction Type:Sale
The industrial property located at 2901 Thornton Ave. in Burbank, San Fernando Valley has been sold in a recent transaction. The property spans approximately 10,246 square feet and was sold for a price of $5,850,000, resulting in a price per square foot of $570.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,850,000
- Square Footage: 10,246
- Address: 2901 Thornton Ave.
- Market: Burbank, San Fernando Valley
The buyer for this transaction is BLT Enterprises represented by Lukas Huberman, while the seller is Jerry Ash. The brokerage firm NAI Capital facilitated the deal, with Joshua Cohan serving as the representative for BLT Enterprises.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$312,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81
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