Updated Dec 21, 2023
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
$3,993,600
$399/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Jun 16, 2022
About this deal
AI
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.
Players
Los Angeles 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
3.97%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93