Updated Jun 13, 2025
Jon Sakura Purchases Industrial Property At 650 Jessie Street From George Kunkel For $10.25M
650 Jessie Street
$10,250,000
$297/SF
Building Size
34,430 SF
Asset Type
Industrial
Closing
May 23, 2025
About this deal
AI
The industrial property located at 650 Jessie Street in the San Fernando market has been sold for $10,250,000. The asset encompasses 34,430 square feet, resulting in a price per square foot of $297.70.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,250,000
- Buyer: Jon Sakura
- Seller: George Kunkel
- Broker: Joel Cukier - NorthMarq Capital
This transaction involved Jon Sakura as the buyer and George Kunkel as the seller. The deal was facilitated by Joel Cukier, representing NorthMarq Capital in this transaction.
On the Map
$10,250,000
$297/SF
Industrial
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Players
San Fernando 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93