facebook

traded

+ Submit
Home

/

Deals

/

California

/

Industrial

/

Sale

/

632 Irving Avenue, Glendale...

John Jackson Jr. Acquires Industrial Property In Glendale, CA For $2.2M
SOLDIndustrial

John Jackson Jr. Acquires Industrial Property In Glendale, CA For $2.2M

632 Irving Avenue, Glendale, California 91201, United States

$2,200,000

$752/SF

Building Size

2,925 SF

Asset Type

Industrial

Closing

Oct 18, 2022

AI

Located at 632 Irving Ave in Glendale, CA, this industrial property was recently sold in a closed transaction. The property spans 2,925 square feet and is valued at $2,200,000, resulting in a price per square foot of $752. The sale took place on October 19, 2022.

Summary of transaction details:

  • Property Type: Industrial
  • Sale Price: $2,200,000
  • Square Footage: 2,925
  • Price per Square Foot: $752
  • Market: Glendale, CA

In this transaction, John Jackson Jr. acted as the buyer, while Adam Carolla served as the seller. Brad McCoy and Paul Brehme from Lee & Associates West LA represented the buyer, and Martin Agnew and Ryan Serling from Agnew | Serling Group - Marcus & Millichap represented the seller.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

John Jackson Jr.

Buyer

$21.2M

vol

4 deals

Buyer

Adam Carolla

Seller

$11.4M

vol

3 deals

Seller

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93