Rialto Capital Management Sells Glendale Office Building For $7.67M With Kidder Mathews Brokers
16222 N 59th Ave
$7,668,750
$176/SF
Building Size
43,553 SF
Asset Type
Office
Closing
Apr 20, 2024
AI
The property involved in this transaction is an office asset located at 16222 N 59th Ave in Glendale. The property was sold for $7,668,750.00 and encompasses a total area of 43,553 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,668,750.00
- Address: 16222 N 59th Ave
- Market: Glendale
- Square Footage: 43,553.0
- Seller: Rialto Capital Management
The brokers representing the transaction include Zack Harris, Patrick Gardner, Michael Dupuy, Perry Gabuzzi, Darren Tappen, and Nathan Thinnes, all affiliated with Kidder Mathews. Zack Harris is mentioned twice as a broker in this deal.
Players
Glendale Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.07%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93