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1121 East Colorado Street, ...

Vahe Hovhannisyan Acquires Mixed-Use Property In Glendale For $2.25M
SOLDMixed-use

Vahe Hovhannisyan Acquires Mixed-Use Property In Glendale For $2.25M

1121 East Colorado Street, Glendale, California 91205, United States

$2,250,000

$367/SF

Building Size

6,124 SF

Asset Type

Mixed-use

Closing

Apr 3, 2022

AI

A mixed-use property located at 1121 E. Colorado St. in Glendale has been sold for a price of $2,250,000. The property spans 6,124 square feet, resulting in a price per square foot of $367. The sale took place on April 4, 2022.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,250,000
  • Date: April 4, 2022
  • Address: 1121 E. Colorado St., Glendale
  • Market: Glendale

Vahe Hovhannisyan acquired the mixed-use property from Nellie Haick. The transaction was facilitated by the broker representatives Brandon Michaels, Matthew Luchs, and Andrew Leff from The Brandon Michaels Group.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker

Glendale Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93