Nuveen Acquires Office Building In Glendale For $53.5M
1840 Victory Boulevard
$53,500,000
$802/SF
Building Size
66,700 SF
Asset Type
Office
Closing
Apr 5, 2021
AI
An office property located at 1840 Victory Boulevard in Glendale has been sold for a price of $53,500,000. The transaction took place on April 5, 2021. The property spans over an area of 66,700 square feet, resulting in a price per square foot of $815.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $53,500,000
- Address: 1840 Victory Boulevard
- Market: Glendale
The buyer of the property is Nuveen, represented by Jose Minaya, Joe Castro & Bradley Finkle. Eastdil Secured served as the broker for the deal.
Players
Glendale 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
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93