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5651 West Talavi Boulevard

Woodside Acquires Talavi Corporate Center Medical Office In Glendale, AZ For $9.3M
SOLDMedical Office

Woodside Acquires Talavi Corporate Center Medical Office In Glendale, AZ For $9.3M

5651 West Talavi Boulevard

$9,325,000

Building Size

Asset Type

Medical Office

Closing

Jan 11, 2024

AI

Woodside has acquired the Talavi Corporate Center in Glendale, Arizona. The property, located at 5651 West Talavi Boulevard, is a three-story office and medical office building situated on 11.4 acres of land. The purchase price for the property was $9,325,000, which was paid in cash.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $9,325,000
  • Address: 5651 West Talavi Boulevard
  • Market: Glendale, AZ
  • Acres: 11.4

The seller of the Talavi Corporate Center was Eric R. L. Fleiss, representing Regent Properties. The buyer, Woodside, was represented by Barry Gabel, Charles Osbrink, and Chris Marchildon from Newmark.

Woodside's acquisition of the property marks a significant investment in the Glendale market. The Talavi Corporate Center offers a desirable location for office and medical office space, making it an attractive asset for Woodside's portfolio. The transaction was completed as an all-cash purchase, further demonstrating Woodside's commitment to acquiring quality properties.

Players

Barry Gabel

Newmark

Broker

$531.5M

vol

13 deals

Broker
W
WoodsideBuyer

Eric Fleiss

Regent Properties

Seller

$566.3M

vol

7 deals

Seller

Glendale Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.70%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93