Spectrum Commercial Real Estate Inc. Brokers Yair Haimoff & Barry Jakov Sell Industrial Property In Burbank For $3.99M
SOLD
$3,993,600
California
See Similar DealsIndustrial10,000 SF
Sold 06/17/2022
SOLD
Spectrum Commercial Real Estate Inc. Brokers Yair Haimoff & Barry Jakov Sell Industrial Property In Burbank For $3.99M
3401 W Pacific Ave, Burbank, CA 91505
See Similar DealsIndustrial10,000 SF
Sold 06/17/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$399
Total Square Footage:10,000 SF
Transaction Type:Sale
An industrial property located at 3401 W. Pacific Ave. in Burbank has been sold for a total price of $3,993,600. The property spans a total of 10,000 square feet, resulting in a price per square foot of $399. The transaction took place on June 17, 2022. The property is situated in the Burbank market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,993,600
- Square Footage: 10,000
- Price per Square Foot: $399
- Date of Transaction: June 17, 2022
- Market: Burbank
- Brokers: Yair Haimoff & Barry Jakov - Spectrum Commercial Real Estate Inc.
Representing the deal were Yair Haimoff and Barry Jakov from Spectrum Commercial Real Estate Inc. They served as the brokers in the transaction, facilitating the sale of the industrial property at 3401 W. Pacific Ave. in Burbank. Both brokers played a crucial role in ensuring a successful transaction for their respective clients.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$212,992.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,188.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,931.70
Annual Debt Service$227,180.42
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