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225 West Broadway

Michael Arnold Represents Office Lease Deal With GSA At 225 West Broadway, Glendale
LEASEDOffice

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

Michael Arnold

AHG

Broker

$23.5M

vol

8 deals

Broker

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