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
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