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Octane Realty & Development Acquires Office Building In Glendale For $27.5M

Property Image
SOLD
$27,500,000

California

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Office199,226 SF
Sold 04/02/2018
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Property Image
SOLD

Octane Realty & Development Acquires Office Building In Glendale For $27.5M

520 North Central Avenue, Glendale, CA 91203, USA

See Similar Deals
Office199,226 SF
Sold 04/02/2018

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$138
Total Square Footage:199,226 SF
Transaction Type:Sale

520 N. Central Avenue, located in Los Angeles, was recently sold in a transaction that closed on April 2, 2018. The property, an office asset, was part of a sale in Glendale's market. The sale price for this transaction was $27,500,000. The sellers involved in the deal were Property Company and Long Warf Real Estate Partners, while the buyers were Octane Realty & Development, represented by Greg McLemore and Patrick Chraghchian.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $27,500,000
  • Seller: Property Company and Long Warf Real Estate Partners
  • Buyer: Octane Realty & Development - Greg McLemore and Patrick Chraghchian

Greg McLemore and Patrick Chraghchian of Octane Realty & Development played a key role as the buyers in the transaction. They represented Octane Realty & Development in the deal, acquiring the office property located at 520 N. Central Avenue. This transaction highlights their strategic investment in the Los Angeles market.

Players

SELLER

Details

SOLD
IMAGE: Greg McLemore and Patrick Chraghchian DATE: 04/02/2018 ADDRESS: 520 N. Central Avenue CITY: Los Angeles MARKET: Glendale ASSET TYPE: Office PRICE: $27,500,000 SELLER: Property Company and Long Warf Real Estate Partners BUYER: Octane Realty & Development - Greg McLemore and Patrick Chraghchian

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