Updated Dec 19, 2023
Waterford Property Company Acquires Multifamily Complex In Glendale For $300M
633 North Central Avenue, Glendale, CA, USA
$300,000,000
$461,538/SF
Building Size
650 SF
Asset Type
MultiFamily
Closing
Mar 16, 2021
About this deal
AI
The multifamily property located at 633 North Central Avenue in Glendale has been sold. The transaction took place on 03/17/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $300,000,000
- Units: 507
- Price per Unit: $591,715
The buyer of the property is Waterford Property Company, along with John Drachman, Sean Rawson, Yashaar Amin, and California Statewide Communities Development Authority (CSCDA). They were represented by Joseph Smolen, Geoff Boler, and Lee Redmond from Eastdil Secured.
The multifamily sale at 633 North Central Avenue, Glendale, CA, USA in Glendale, California sold for $300M in 2021. Reported inventory is 650 square feet across 507 units, or about 461.5K per square foot. Lee Redmond, Joseph Smolen, Geoff Boler, Eastdil Secured appear on the sale alongside Eastdil Secured. This page is the Glendale, California file for the 633 North Central Avenue, Glendale, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Glendale sit in the Market section below. Filter that Glendale multifamily set by closing date to see what else sold near 633 North Central Avenue, Glendale, CA, USA around 2021. Published consideration for 633 North Central Avenue, Glendale, CA, USA is $300M, dated 2021. Cite this Waterford Property Company Acquires Multifamily Complex In Glendale For $300M sale when underwriting similar multifamily product around Glendale, California.
Players
Glendale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93