Sam Ershadi Acquires Mixed-Use Property On 1300 S Brand Blvd., Glendale For $2.3M
1300 South Brand Boulevard, Glendale, California 91204, United States
$2,325,000
$375/SF
Building Size
6,200 SF
Asset Type
Mixed-use
Closing
Mar 23, 2022
AI
A mixed-use property located at 1300 S Brand Blvd. in Glendale has been sold for $2,325,000. The property spans 6,200 square feet and was purchased by Sam Ershadi from Carlos Makara. The transaction took place on March 24, 2022. The property is situated in the Glendale market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,325,000
- Address: 1300 S Brand Blvd., Glendale
- Square footage: 6,200
The sale was facilitated by brokers Jay Martinez and Darin Spillman from Kidder Mathews.
Players
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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93