Updated Dec 20, 2023
Kelly Lettman Acquires Industrial Property In Burbank For $13.3M From Seller Bruce H. Ruthman
3750 Cohasset St, Burbank, CA 91505, USA
$13,300,000
$28/SF
Building Size
473,190 SF
Asset Type
Industrial
Closing
May 4, 2020
About this deal
AI
The industrial property located at 3750 Cohasset St in Burbank was recently sold for $13,300,000. Spanning across 47,319 square feet, the property was sold at a price of approximately $281 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,300,000
- Square Footage: 47,319
- Price per Square Foot: $281
The buyer of the property was Kelly Lettman, while the seller was Bruce H. Ruthman.
The industrial sale at 3750 Cohasset St, Burbank, CA 91505, USA in Burbank, California sold for $13.3M in 2020. The building is 473,190 square feet, implying about 28 per square foot on the published price. This page is the Burbank, California file for the 3750 Cohasset St, Burbank, CA 91505, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Burbank sit in the Market section below. Filter that Burbank industrial set by closing date to see what else sold near 3750 Cohasset St, Burbank, CA 91505, USA around 2020. Published consideration for 3750 Cohasset St, Burbank, CA 91505, USA is $13.3M, dated 2020. Cite this Kelly Lettman Acquires Industrial Property In Burbank For $13.3M From Seller Bruce H. Ruthman sale when underwriting similar industrial product around Burbank, California.
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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93