Updated Oct 29, 2024
Loyal Moving Company Acquires Industrial Property In San Fernando Valley For $1.1M
3321 Burton Ave, Burbank, CA 91504, USA
$1,135,000
$465/SF
Building Size
2,440 SF
Asset Type
Industrial
Closing
Jul 1, 2020
About this deal
AI
Located in San Fernando Valley, the industrial property at 3321 Burton Ave has recently been sold. The transaction took place on July 2, 2020, with a sale price of $1,135,000. The property spans a total area of 2,440 square feet, amounting to a price per square foot of $465.16. This transaction was successfully completed despite the challenging circumstances posed by the COVID-19 pandemic.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,135,000
- Address: 3321 Burton Ave
- Market: San Fernando Valley
- Square Footage: 2,440
- Price per Square Foot: $465.16
- Buyer: @LoyalMoving Company
- Broker: Alex Matevosian @Matevosian_CRE
Alex Matevosian, representing Matevosian_CRE, facilitated the transaction as the broker. Despite the challenges posed by the pandemic, the sale was successfully completed, showcasing resilience and adaptability in the real estate market.
On the Map
$1,135,000
$465/SF
Industrial
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Players
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
13.98%
Cash-on-Cash
-3.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93