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4677 San Fernando Rd, Glend...

Gary Kasabyan Acquires Industrial Property In Glendale For $2.95M
SOLDIndustrial

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

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

Blas Fernandez

IKON Properties

Broker

$93.8M

vol

34 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

Gary Kasabyan

Buyer

$9.4M

vol

3 deals

Buyer

Glendale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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