Updated Dec 21, 2023
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.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93