Updated Nov 4, 2026
Artak Dovlatyan Purchases Industrial Property At 1300 Gardena Avenue For $1,890,000 With Arthur Minassian As Buyer's Representative
1300 Gardena Avenue
$1,890,000
$429/SF
Building Size
4,400 SF
Asset Type
Industrial
Closing
Nov 2, 2026
About this deal
AI
The property asset involved in this transaction is an industrial type located at 1300 Gardena Avenue in Glendale. The sale price of the asset amounted to $1,890,000, with a total square footage of 4,400, resulting in a price per square foot (PPSF) of $429.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,890,000
- Address: 1300 Gardena Avenue
- Market: Glendale
- Square Footage: 4,400
- Price per Square Foot: $429
- Buyer: Artak Dovlatyan
- Seller: Agop Arakelian
- Buyer's Representative: Arthur Minassian
- Seller's Representatives: Leo Khechumyan & Corey Breit - Spectrum Commercial Real Estate
The transaction was executed with Artak Dovlatyan as the buyer and Agop Arakelian as the seller. Arthur Minassian represented the buyer, while Leo Khechumyan and Corey Breit from Spectrum Commercial Real Estate represented the seller in this deal.
On the Map
$1,890,000
$429/SF
Industrial
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Players
Glendale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.39%
Cash-on-Cash
-2.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93