Gary Kasabyan Acquires Industrial Property In Glendale For $2.95M
SOLD
$2,950,000
California
See Similar DealsIndustrial6,000 SF
Sold 01/28/2021
SOLD
Gary Kasabyan Acquires Industrial Property In Glendale For $2.95M
4677 San Fernando Rd, Glendale, CA, USA
See Similar DealsIndustrial6,000 SF
Sold 01/28/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$491
Total Square Footage:6,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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