DivcoWest Acquires Glendale Office For $179M With CBRE As Seller's Rep
655 N Central Ave, Glendale, CA, 91203
$179,000,000
$327/SF
Building Size
547,300 SF
Asset Type
Office
Closing
Mar 7, 2017
AI
The property asset involved in this transaction is an office building located at 655 N Central Ave, Glendale, CA, 91203. The sale price for this asset was $179,000,000.00, encompassing a total square footage of 547,300 in the Glendale market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $179,000,000.00
- Sale Date: 03/07/2017
- Seller's Representative: Michael "Mike" Longo, Sean Sullivan & Todd Tydlaska - CBRE
- Buyer: DivcoWest
The key individuals and companies involved in this transaction include the seller's representative team from CBRE, which played a significant role in facilitating the deal. DivcoWest is identified as the buyer, completing the acquisition of the office property in Glendale.
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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93