Garnik Tergalstanian Of GTS Investment Group Acquires Multifamily Property In Glendale For $6.35M

The property asset involved in this transaction is a multifamily asset located at 700 Palm Drive in Glendale. It sold for $6,350,000 and comprises 14 units, with a price per unit of $453,571. The total square footage is 18,373, resulting in a price per square foot of $345.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,350,000
• Units: 14
• Price Per Unit: $453,571
• Square Footage: 18,373
• Price Per Square Foot: $345
• Buyer: Garnik Tergalstanian - GTS Investment Group
• Seller: Michael H Saperstein - Michael H. Saperstein Family Trust
• Brokers: Arian Rejaei & Darin Beebower - Kidder Mathews

The individuals involved in the transaction include Garnik Tergalstanian, representing GTS Investment Group as the buyer, and Michael H Saperstein, representing the Michael H. Saperstein Family Trust as the seller. The brokers who facilitated the deal were Arian Rejaei and Darin Beebower from Kidder Mathews.