Updated Dec 4, 2024
Art Nazaryan Purchases Office At 1369 Foothill Boulevard For $1.4 Million From Martin Barmatz
1369 Foothill Boulevard
$1,100,000
$733/SF
Building Size
1,500 SF
Asset Type
Office
Closing
Oct 18, 2024
About this deal
AI
The property asset involved in this transaction is an office space located at 1369 Foothill Boulevard in La Cañada Flintridge. The sale price for this asset was $1,400,000, with a total square footage of 1,500, resulting in a price per square foot of $933.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,400,000
- Address: 1369 Foothill Boulevard
- Market: La Cañada Flintridge
- Square Footage: 1,500
- Price per Square Foot: $933
- Buyer: Art Nazaryan
- Seller: Martin Barmatz
- Brokers: Ara Markari & Alen Aydinian - Crown Mark Real Estate
The key individuals involved in this transaction include Art Nazaryan, the buyer, and Martin Barmatz, the seller. The transaction was facilitated by brokers Ara Markari and Alen Aydinian from Crown Mark Real Estate, who represented the interests of the buyer and seller respectively in this deal.
Players
La Canada Flintridge Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93