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3075 North Lima Street

Yair Haimoff Of Spectrum Commercial Real Estate Sells Industrial Property In Burbank For $3.3M
SOLDIndustrial

Yair Haimoff Of Spectrum Commercial Real Estate Sells Industrial Property In Burbank For $3.3M

3075 North Lima Street

$3,300,000

$400/SF

Building Size

8,248 SF

Asset Type

Industrial

Closing

Nov 14, 2024

AI

The asset involved in this transaction is an industrial property located at 3075-3079 North Lima Street in Burbank. The property was sold for a price of $3,300,000, encompassing a total square footage of 8,248. The price per square foot is reported at $400.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,300,000
  • Address: 3075-3079 North Lima Street
  • Market: Burbank
  • Square Footage: 8,248
  • Price per Square Foot: $400
  • Broker: Yair Haimoff - Spectrum Commercial Real Estate

The deal was brokered by Yair Haimoff, representing Spectrum Commercial Real Estate. He played a pivotal role in facilitating this industrial property transaction, ensuring the interests of all parties involved were addressed throughout the process.

Players

Yair Haimoff

Spectrum Commercial Real Estate

Broker

$165.3M

vol

38 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93