Sharp Capital Acquires Office Building On 425 West Broadway In Glendale For $19.75M
425 West Broadway, Glendale, CA 91204, USA
$19,750,000
$272/SF
Building Size
72,610 SF
Asset Type
Office
Closing
Aug 27, 2018
AI
Located at 425 West Broadway in Glendale, Los Angeles, this office property was recently sold in a closed transaction. The sale took place on August 28, 2018, with Sharp Capital acquiring the asset from Equity Office/Blackstone.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $19,750,000
- Square Footage: 72,610
- Price per Square Foot: $272
- Address: 425 West Broadway, Glendale, Los Angeles
- Market: Los Angeles
The transaction involved key individuals such as John Gray, Kathleen McCarthy, Sam Zell, Kenneth Caplan, and David Shophet. They played significant roles in facilitating 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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93