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
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