Sharp Capital Acquires Property From The Blackstone Group In Glendale For $19.75M
SOLD
$19,750,000
California
See Similar Deals72,610 SF
SOLD
Sharp Capital Acquires Property From The Blackstone Group In Glendale For $19.75M
425 W Broadway, Glendale, CA, 91204
See Similar Deals72,610 SF
Summary
CALIFORNIA
Price Per Square Foot:$272
Total Square Footage:72,610 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,053,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$70,167.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$93,625.08
Annual Debt Service$1,123,500.91
Is there something missing? Send suggestions