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Matevosian Investment Group Procures Burbank Industrial Warehouse Deal For $1.45M

Property Image
SOLD
$1,450,000

California

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Industrial4,400 SF
Sold 06/25/2020
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Property Image
SOLD

Matevosian Investment Group Procures Burbank Industrial Warehouse Deal For $1.45M

2908 North Naomi Street, Burbank, CA 91504

See Similar Deals
Industrial4,400 SF
Sold 06/25/2020
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$329
Total Square Footage:4,400 SF
Transaction Type:Sale

A warehouse located at 2908 N. Naomi St. in Burbank has recently been sold for a price of $1,450,000. The industrial property spans across 4,400 square feet, resulting in a price per square foot of $329. This deal was facilitated by KW Commercial, who acted as the broker in the transaction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,450,000
  • Date: 06/25/2021
  • Address: 2908 N. Naomi St.
  • Market: Burbank

Matevosian Investment Group was able to secure this warehouse deal at $329 per square foot in Burbank, at a time when similar properties are trading for $400-$500 per square foot. Their ability to source deals, leverage connections, and utilize resources has proven instrumental in securing exceptional deals for their clients. Matevosian Investment Group takes a proactive approach to finding deals, rather than waiting for opportunities to come their way.

Players

Alex Matevosian
MIG Commercial Real Estate Services
Alex Matevosian
8 deals$12.6M volume
BROKER
JohnHart Real Estate
JohnHart Real Estate
BROKERAGE

Details

SOLD
IMAGE: Alex Matevosian DATE: 06/25/2021 ADDRESS: 2908 N. Naomi St. MARKET: Burbank ASSET TYPE: Industrial BROKER: KW Commercial SALE PRICE: $1,450,000 SF: 4,400 ~ PPSF: $329 NOTES: We were able to procure a warehouse deal at $329 per foot in Burbank, at a time where similar properties are trading for $400-$500 per foot. At Matevosian Investment Group its about how we deal source, how we use leverage/connections, and how we utilize our resources in securing exceptional deals for our clients. We don't wait for the phones to ring, our team makes it happen.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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