Updated Aug 25, 2026
City National Bank & CDC Small Business Finance Provide $10.4M Acquisition Loan For Glendale Office Property
310 East Colorado Street
$10,385,000
$429/SF
Building Size
24,174 SF
Asset Type
Office
Closing
Apr 17, 2023
About this deal
AI
The property asset involved in this transaction is an office located at 310 E. Colorado St., Glendale, with a total square footage of 24,174. The loan amount secured for this property is $10,385,000, categorized under acquisition financing through the SBA 504 program.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,385,000
- Loan Type: Acquisition
- Loan Terms: Owner-user acquisition financing via SBA 504 program
- Lender: City National Bank & CDC Small Business Finance
- Brokers: John Choi & Antonio Hachem - George Smith Partners
- Date: 04/28/2022
Key individuals involved in the transaction include John Choi and Antonio Hachem, who represented the brokers George Smith Partners in securing the financing for the property. Their representation was crucial in facilitating the acquisition loan through the specified lenders.
Players
Glendale Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93