John Jackson Jr. Acquires Industrial Property In Glendale, CA For $2.2M
SOLD
$2,200,000
+ 3
California
See Similar DealsIndustrial2,925 SF
Sold 10/19/2022
SOLD
John Jackson Jr. Acquires Industrial Property In Glendale, CA For $2.2M
632 Irving Avenue, Glendale, California 91201, United States
See Similar DealsIndustrial2,925 SF
Sold 10/19/2022
+ 3
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$752
Total Square Footage:2,925 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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