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301 North Central Avenue, G...

Chandler Pratt & Partners Sells Mixed-use Property In Glendale, LA For $86.2M
SOLDMixed-use

Chandler Pratt & Partners Sells Mixed-use Property In Glendale, LA For $86.2M

301 North Central Avenue, Glendale, CA 91203, USA

$86,200,000

$11,572/SF

Building Size

7,449 SF

Asset Type

Mixed-use

Closing

Nov 8, 2018

AI

The mixed-use property located at 301 N. Central Avenue in Glendale, LA, was recently sold in a closed transaction. The sale took place on 11/09/2018, with a selling price of $86,200,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $86,200,000
  • Units: 183
  • Price Per Unit (PPU): $471,000
  • Address: 301 N. Central Avenue, Glendale, LA
  • Market: Glendale

The buyer in this transaction remains undisclosed, while Chandler Pratt & Partners acted as the seller. Ben Lambert of Eastdil Secured represented the seller in the deal.

Players

Ben Lambert

Broker

$86.2M

vol

1 deal

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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93