Michael Arnold Represents Office Lease Deal With GSA At 225 West Broadway, Glendale
225 West Broadway
$3
$3/SF
Building Size
35,000 SF
Asset Type
Office
Closing
Feb 15, 2024
AI
The office property located at 225 West Broadway in Glendale has been leased. The asset spans 35,000 square feet with an asking rent of $3.75 per square foot. The landlord, Ryan Delajani, successfully leased the property to the Government Services Administration (GSA) in a Full-Service Gross lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Ryan Delajani
- Tenant: GSA
- Landlord's Rep: Michael Arnold & Gibran Begum - NAI Capital
- Date: 02/15/2024
- Market: Glendale
The lease renewal process was facilitated with the assistance of the Tenant Consulting Group at NAI Capital. Michael Arnold and Gibran Begum from NAI Capital represented the landlord, Ryan Delajani, in securing the lease agreement with the Government Services Administration (GSA).
Players
Glendale Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5287666.67%
Cash-on-Cash
-1511231.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93