John Jackson Jr. Acquires Industrial Property In Glendale, CA For $2.2M
632 Irving Ave, Glendale, CA 91201, USA
$2,200,000
$752/SF
Building Size
2,925 SF
Asset Type
Industrial
Closing
Oct 19, 2022
AI
A 2,925 square foot industrial property located at 632 Irving Ave in Glendale, CA was recently sold for $2,200,000. The property was purchased by John Jackson Jr. from Adam Carolla. The sale price equates to approximately $752 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Address: 632 Irving Ave, Glendale, CA
Brad McCoy and Paul Brehme from Lee & Associates West LA represented the buyer, John Jackson Jr., in the transaction. Martin Agnew and Ryan Serling from Agnew | Serling Group - Marcus & Millichap represented the seller, Adam Carolla.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93