Updated May 30, 2025
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
About this deal
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.
On the Map
$6,500,000
$416/SF
Industrial
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Players
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