Updated Sep 9, 2024
Gary Kasabyan Acquires Industrial Property In Glendale For $2.95M
4677 San Fernando Rd, Glendale, CA, USA
$2,950,000
$491/SF
Building Size
6,000 SF
Asset Type
Industrial
Closing
Jan 27, 2021
About this deal
AI
An industrial property located at 4677 San Fernando Rd. in Glendale has been sold. The property, with a total area of 6,000 square feet, was sold for a total price of $2,950,000. The sale took place on January 28, 2021. The property was listed at an asking price of $3,000,000, resulting in a price per square foot of $491.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,950,000
- Address: 4677 San Fernando Rd., Glendale
- Market: Glendale
Blas Fernandez, representing AgentBlas, facilitated the transaction as the broker. Gary Kasabyan purchased the property from Rocky Mackenzie.
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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93