Johnhart Real Estate Represents Seller In $3M Burbank Retail Sale
SOLD
$3,000,000
California
See Similar DealsRetail1,118 SF
Sold 01/16/2024
SOLD
Johnhart Real Estate Represents Seller In $3M Burbank Retail Sale
2005 North Glenoaks Boulevard
See Similar DealsRetail1,118 SF
Sold 01/16/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$2,683
Total Square Footage:1,118 SF
Transaction Type:Sale
The retail property located at 2005 North Glenoaks Boulevard in Burbank has been sold for $3,000,000. The property spans 1,118 square feet, resulting in a price per square foot of $2,683.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Square Footage: 1,118
- Price Per Square Foot: $2,683
- Address: 2005 North Glenoaks Boulevard
- Market: Burbank
Lilith Berko and Syuzi Hakobyan from Johnhart Real Estate served as the seller's representatives in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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