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5814 West Olive Avenue

Retail Property In Glendale Sold For $5.5M To 2015 K&A Kisidiaris Trust
SOLDRetail

Retail Property In Glendale Sold For $5.5M To 2015 K&A Kisidiaris Trust

5814 West Olive Avenue

$5,500,000

Building Size

Asset Type

Retail

Closing

Apr 25, 2024

AI

The retail property located at 5814 West Olive Avenue in Glendale, AZ was recently sold for $5,500,000. The sale was facilitated by Western Retail Advisors, involving a transfer of ownership from a California family office to the 2015 K&A Kisidiaris Trust.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,500,000
  • Address: 5814 West Olive Avenue
  • Market: Glendale, AZ
  • Buyer's Rep: Gabe Manzanares - Compass
  • Seller's Rep: Darrell DeShaw - Western Retail Advisors

Notable individuals involved in the transaction include Gabe Manzanares from Compass, representing the buyer, and Darrell DeShaw from Western Retail Advisors, representing the seller. The sale marked the transfer of ownership of the Avenue at Olive Park retail property in Glendale, Phoenix, showcasing the involvement of key real estate professionals in the deal.

Players

Darrell DeShaw

Western Retail Advisors

Broker

$16.2M

vol

2 deals

Broker

Glendale Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93