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
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