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310 East Colorado Street, G...

Specialized Realty Inc. Facilitates $12.3M Office Sale In Glendale
SOLDOffice

Specialized Realty Inc. Facilitates $12.3M Office Sale In Glendale

310 East Colorado Street, Glendale, California 91205, United States

$12,300,000

$508/SF

Building Size

24,174 SF

Asset Type

Office

Closing

Apr 28, 2022

AI

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

Vartan Tashchyan

Specialized Realty

Broker

$12.3M

vol

1 deal

Broker
George Smith Partners
George Smith PartnersBrokerage
City National Bank
City National BankLender

Glendale Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.29%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93