Hudson Partners Inc. Brokers $20M Sale Of Development Site On South Glendale Ave In Glendale
SOLD
$20,000,000
California
See Similar DealsDevelopment Site56,000 SF
Sold 01/05/2021
SOLD
Hudson Partners Inc. Brokers $20M Sale Of Development Site On South Glendale Ave In Glendale
1233 South Glendale Avenue, Glendale, CA, USA
See Similar DealsDevelopment Site56,000 SF
Sold 01/05/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$357
Total Square Footage:56,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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