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425 W Broadway, Glendale, C...

Sharp Capital Acquires Property From The Blackstone Group In Glendale For $19.75M
SOLD

Sharp Capital Acquires Property From The Blackstone Group In Glendale For $19.75M

425 W Broadway, Glendale, CA, 91204

$19,750,000

$272/SF

Building Size

72,610 SF

Asset Type

Closing

Nov 20, 2023

AI

The property at 425 W Broadway, Glendale, CA, 91204, was sold for $19,750,000.00. The asset encompasses a total square footage of 72,610 and is located in the Glendale market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $19,750,000.00
  • Address: 425 W Broadway, Glendale, CA, 91204
  • Market: Glendale
  • Buyer: Sharp Capital
  • Seller: The Blackstone Group
  • Buyer's Rep: Mark Shaffer (CBRE)

This transaction involved notable individuals and companies such as Sharp Capital, acting as the buyer, and The Blackstone Group, serving as the seller in this particular sale. Mark Shaffer from CBRE represented the buyer in the transaction.

Players

Mark Shaffer

CBRE

Broker

$777M

vol

42 deals

Broker
Sharp Capital
Sharp CapitalBuyer
Blackstone
BlackstoneSeller
Blackstone
BlackstoneLender

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

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93