Garo Balikjian Acquires Industrial Property On Katella Ave. In Orange County For $2.5M
8347 Katella Avenue
$2,500,000
$308/SF
Building Size
8,100 SF
Asset Type
Industrial
Closing
Jul 15, 2022
AI
The industrial property located at 8347 Katella Ave. in Orange County has been sold in a transaction for $2,500,000. The property spans 8,100 square feet, resulting in a price per square foot of $308.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 8347 Katella Ave.
- Market: Orange County
The buyer in this transaction is Garo Balikjian, while the seller is Palo Plesnik. The deal was facilitated by Nathan Demosthenes and Oscar Vargas from Cushman & Wakefield representing both parties.
Players
Stanton 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93