Updated Sep 5, 2024
Hudson Partners Inc. Brokers $20M Sale Of Development Site On South Glendale Ave In Glendale
1233 South Glendale Avenue, Glendale, CA, USA
$20,000,000
$357/SF
Building Size
56,000 SF
Asset Type
Development Site
Closing
Jan 4, 2021
About this deal
AI
A development site located at 1233-1239 South Glendale Ave in Glendale was recently sold for $20,000,000. The property, which is situated in Glendale's market, offers a total of 56,000 square feet of buildable space. The price per buildable square foot was calculated at $357.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $20,000,000
- BSF: 56,000
- PPBSF: $357
The sale of this development site was facilitated by KellyBetpolice from HudsonPartnersInc. They represented both the buyer and seller in this transaction.
Players
Glendale Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Kelly Betpolice to view all their deals.
Browse California development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93