Specialized Realty Inc. Facilitates $12.3M Office Sale In Glendale
SOLD
$12,300,000
+ 1
California
See Similar DealsOffice24,174 SF
Sold 04/29/2022
SOLD
Specialized Realty Inc. Facilitates $12.3M Office Sale In Glendale
310 East Colorado Street, Glendale, California 91205, United States
See Similar DealsOffice24,174 SF
Sold 04/29/2022
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$508
Total Square Footage:24,174 SF
Transaction Type:Sale
The sale of an office building in Glendale has been completed on April 29, 2022. The property, located at 310 E. Colorado St., was sold for a total price of $12,300,000. The office building spans across 24,174 square feet, resulting in a price per square foot of $508.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,300,000
- Address: 310 E. Colorado St.
- Market: Glendale
Vartan Tashchyan from Specialized Realty Inc. represented the buyer in the transaction, while Artak Dovlatyan, also from Specialized Realty Inc., served as the seller's representative.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$655,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,699.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,308.28
Annual Debt Service$699,699.30
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