Updated Dec 4, 2024
Lacy Ltd Purchases Glendale Property From Morgan Stanley For $58.75 Million
207 N Goode Ave, Glendale, CA, 91203
$58,750,000
$310/SF
Building Size
189,109 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 207 N Goode Ave, Glendale, CA, 91203. This asset was priced at $58,750,000.00 and has a total square footage of 189,109. The market for this property is Glendale.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $58,750,000.00
- Square Footage: 189,109
- Address: 207 N Goode Ave, Glendale, CA, 91203
- Market: Glendale
- Seller: Morgan Stanley
- Buyer: Lacy Ltd
- Seller's Representative: Kevin Shannon (Newmark)
In this transaction, Lacy Ltd acted as the buyer while Morgan Stanley served as the seller. The deal was facilitated by Kevin Shannon, who represented the seller through Newmark.
On the Map
$58,750,000
$310/SF
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Players
Glendale CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93