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.
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