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440 West Los Feliz Boulevard

Mark Sandelson Of Sandelson Family Trust Sells Industrial Asset In Glendale For $6.5M
SOLDIndustrial

Mark Sandelson Of Sandelson Family Trust Sells Industrial Asset In Glendale For $6.5M

440 West Los Feliz Boulevard

$6,500,000

$416/SF

Building Size

15,609 SF

Asset Type

Industrial

Closing

May 5, 2025

AI

The property asset involved in this transaction is an industrial building located at 440 West Los Feliz Boulevard in Glendale. The sale was finalized for a price of $6,500,000. This industrial asset boasts a total square footage of 15,609, resulting in a price per square foot of $416.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,500,000
  • Address: 440 West Los Feliz Boulevard
  • Market: Glendale
  • Square Footage: 15,609
  • Price per Square Foot: $416
  • Seller: Mark Sandelson - Sandelson Family Trust
  • Broker: Laura Meldere - Beverly and Company

This transaction involved key individuals including Mark Sandelson, who represented the seller through the Sandelson Family Trust, and Laura Meldere, who acted as the broker for the deal under Beverly and Company.

Players

Laura Meldere

Beverly & Company

Broker

$20.5M

vol

7 deals

Broker

Glendale 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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93