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
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