Deepak Mehta Of Xenon Investment Corp Purchases Multifamily Asset From Harry Avyazian For $8.225M

The property involved in this transaction is a multifamily asset located at 420 West Windsor Road in Glendale. It features 25 units with a total square footage of 23,234. The sale price was recorded at $8,225,000, resulting in a price per unit of $329,000 and a price per square foot of $354.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,225,000
• Address: 420 West Windsor Road
• Market: Glendale
• Units: 25
• Price per Unit: $329,000
• Square Footage: 23,234
• Price per Square Foot: $354
• Buyer: Deepak Mehta - Xenon Investment Corp.
• Seller: Harry Avyazian
• Broker: Greg Alexanian - Alexanian Apartment Advisors

The transaction was facilitated by Greg Alexanian of Alexanian Apartment Advisors, representing Xenon Investment Corp. The firm capitalized on their extensive experience in the Glendale multifamily market to negotiate a purchase price that was 22% below the listing price, showcasing their effective negotiation strategy.