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
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