facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Mixed Use

/

Sale

/

1411 West Kenneth Road, Gle...

Updated Dec 21, 2023

Neema Group Acquires Mixed-Use Property In Kenneth Village, Glendale For $6M
SOLDMixed-use

Neema Group Acquires Mixed-Use Property In Kenneth Village, Glendale For $6M

1411 West Kenneth Road, Glendale, CA 91201, USA

$6,000,000

$426/SF

Building Size

14,080 SF

Asset Type

Mixed-use

Closing

May 23, 2019

About this deal

AI

A mixed-use property located at 1405-1411 W Kenneth Rd in Kenneth Village, Glendale, was recently sold for $6,000,000. The property covers an area of 14,080 square feet, resulting in a price per square foot of $426.14. This transaction took place on May 24, 2019 and was facilitated by Neema Ahadian from The Neema Group.

Summary of Transaction Details

  • Property Type: Mixed-Use
  • Transaction Amount: $6,000,000
  • Address: 1405-1411 W Kenneth Rd, Kenneth Village, Glendale
  • Market: Kenneth Village, Glendale
  • Square Footage: 14,080
  • Price per Square Foot: $426.14
  • Broker: Neema Ahadian - The Neema Group

This sale showcases the growing interest in mixed-use properties in Kenneth Village, Glendale. The property's prime location and attractive price per square foot likely contributed to its appeal. Neema Ahadian, from The Neema Group, played a pivotal role in facilitating this transaction, representing the buyer and seller.

Players

Neema Ahadian

Marcus & Millichap

Broker

$733M

vol

79 deals

Broker

Glendale Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Deal FAQ

About $426 per square foot on a published $6M for 14,080 square feet (2019).

Visit Neema Ahadian to view all their deals.

Browse California mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets