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

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SOLD
$3,300,000

California

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Industrial8,248 SF
Sold 11/14/2024
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SOLD

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

3075 North Lima Street

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Industrial8,248 SF
Sold 11/14/2024
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$400
Total Square Footage:8,248 SF
Transaction Type:Sale

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
38 deals$165.3M volume
BROKER

Details

SOLD
IMAGE: Yair Haimoff DATE: 11/14/2024 ADDRESS: 3075-3079 North Lima Street MARKET: Burbank ASSET TYPE: Industrial BROKER: Yair Haimoff - Spectrum Commercial Real Estate (@SpectrumCREInc) SALE PRICE: $3,300,000 SF: 8,248 ~ PPSF: $400

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

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20