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7650 Gloria Avenue

Circled Triangle Properties Acquires Industrial Property In Van Nuys For $5.03M
SOLDIndustrial

Circled Triangle Properties Acquires Industrial Property In Van Nuys For $5.03M

7650 Gloria Avenue

$5,030,000

$422/SF

Building Size

11,900 SF

Asset Type

Industrial

Closing

Dec 2, 2022

AI

The industrial property located at 7650 Gloria Avenue in Van Nuys has been sold in a transaction valued at $5,031,000. The property spans 11,900 square feet, resulting in a price per square foot of $423. The sale took place on 12/02/2022.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: $5,031,000
  • Address: 7650 Gloria Avenue, Van Nuys
  • Market: Van Nuys

Blumes Tracy, representing Circled Triangle Properties, LLC, purchased the property from Dijon McFarlane, representing Dime HQ, LLC. The buyer was represented by Jake Zacuto and Connor Sears from Zacuto Group, along with Shaya Braverman from Compass.

Players

Connor Sears

Zacuto Group

Broker

$26.7M

vol

6 deals

Broker

Los Angeles 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

3.15%

Cash-on-Cash

-0.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93