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425 West Broadway

Acrisure And Metis Law Group Sign Leases To Fully Occupy 72,000 Square Foot Office In Glendale
LEASEDOffice

Acrisure And Metis Law Group Sign Leases To Fully Occupy 72,000 Square Foot Office In Glendale

425 West Broadway

Building Size

72,000 SF

Asset Type

Office

Closing

Apr 17, 2026

AI

The property asset involved in this transaction is a 72,000-square-foot office building located at 425 West Broadway in Glendale, CA. The building is fully leased following the lease renewal by Acrisure for 18,000 square feet and the signing of a lease by Metis Law Group for the remaining space. The landlord for the property is Sharp Capital.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 425 West Broadway
  • Market: Glendale
  • Asset Size: 72,000 square feet
  • Landlord: Sharp Capital
  • Tenant: Acrisure & Metis Law Group
  • Brokers: Linda Lee, Scott Unger & Bill Boyd - Kidder Mathews

Linda Lee, Scott Unger, and Bill Boyd of Kidder Mathews represented Sharp Capital in facilitating the lease agreements, contributing to the strategic positioning of the Class A property as the only fully leased building in its competitive set.

Players

William Boyd

Kidder Mathews

Broker

$43.1M

vol

4 deals

Broker
Sharp Capital
Sharp CapitalLandlord
Acrisure
AcrisureTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93