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Ratner Property Management Acquires Industrial Property In Burbank For $2.8M

Property Image
SOLD
$2,795,000
Bentley Mckean
Matt Dierckman
Greg Geraci
+ 4

California

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Industrial8,050 SF
Sold 04/27/2021
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Property Image
SOLD

Ratner Property Management Acquires Industrial Property In Burbank For $2.8M

3014 Floyd Street, Burbank, CA, USA

See Similar Deals
Industrial8,050 SF
Sold 04/27/2021
Bentley Mckean
Matt Dierckman
Greg Geraci
+ 4
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$347
Total Square Footage:8,050 SF
Transaction Type:Sale

An industrial property located at 3014 Floyd Street in Burbank has been sold. The property, measuring 8,050 square feet, was sold for a price of $2,795,000, resulting in a price per square foot of $347. The sale represents a capitalization rate of 6.21%.

Summary of transaction details:

  • Property Type: Industrial
  • Sale Price: $2,795,000
  • Square Footage: 8,050
  • Price per Square Foot: $347
  • Cap Rate: 6.21%
  • Market: Burbank

Ratner Property Management purchased the property from Casey Kranz. The buyer was represented by David Harding, Matt Dierckman, Greg Geraci, and Billy Walk. Bentley McKean, James DeBuiser, and Gary Cohen acted as the seller's representatives in the transaction.

Players

Billy Walk
Colliers
Billy Walk
5 deals$104.8M volume(818) 334-1898
BROKER
Gary Cohen
Marcus & Millichap
Gary Cohen
19 deals$167.2M volume(818) 212-2250
BROKER
Greg Geraci
Colliers
Greg Geraci
8 deals$145.6M volume
BROKER
David (Dave) Harding
Colliers
David Harding
10 deals$249.4M volume(818) 481-0917
BROKER
James Debuiser
Marcus & Millichap
James Debuiser
18 deals$136.9M volume
BROKER
Bentley Mckean
Bentley Mckean
8 deals$39.3M volume
BROKER
Matt Dierckman
Colliers
Matt Dierckman
7 deals$142.8M volume(310) 428-3313
BROKER

Details

SOLD
IMAGE: James DeBuiser @JamesJDeBuiser, Gary Cohen @GarySea22 & Bentley McKean @BentleyMcKean DATE: 04/27/2021 ADDRESS: 3014 Floyd Street MARKET: Burbank ASSET TYPE: Industrial BUYER: Ratner Property Management SELLER: Casey Kranz BUYER’S REP: David Harding, Matt Dierckman, Greg Geraci & Billy Walk SELLER’S REP: Bentley McKean @BentleyMcKean, James DeBuiser @JamesJDeBuiser & Gary Cohen @GarySea22 SALE PRICE: $2,795,000 SF: 8,050 ~ PPSF: $347 CAP: 6.21%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$149,066.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,930.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,249.73
Annual Debt Service$158,996.71