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2901 Thorton Avenue

BLT Enterprises Acquires Industrial Property In Burbank For $5.85M
SOLDIndustrial

BLT Enterprises Acquires Industrial Property In Burbank For $5.85M

2901 Thorton Avenue

$5,850,000

$571/SF

Building Size

10,246 SF

Asset Type

Industrial

Closing

Jul 21, 2022

AI

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

Joshua Cohan

Marcus & Millichap

Broker

$87.1M

vol

7 deals

Broker
NAI Global
NAI GlobalBrokerage
Lukas Huberman

Lukas Huberman

BLT Enterprises

Buyer

$69.4M

vol

4 deals

Buyer

Des Moines 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

2.71%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93