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
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