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8347 Katella Avenue

Garo Balikjian Acquires Industrial Property On Katella Ave. In Orange County For $2.5M
SOLDIndustrial

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

Nathan Demosthenes

Cushman & Wakefield

Broker

$49.2M

vol

10 deals

Broker

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