Updated Nov 20, 2023
Alexanian Apartment Advisors Sells Glendale Apartment Building For $8M
1165 Thompson Avenue, Glendale, CA 91201, USA
$8,000,000
$378/SF
Building Size
21,145 SF
Asset Type
Other
Closing
Dec 12, 2018
About this deal
AI
An apartment building located at 1165 Thompson Ave in Glendale has recently been sold for $8,000,000. The property consists of 18 units and has a price per square foot of $378.34. This transaction took place on December 13, 2018. The sale was facilitated by Gregory H. Alexanian from Alexanian Apartment Advisors, who represented the parties involved.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $8,000,000
- Price Per Square Foot: $378.34
- Address: 1165 Thompson Ave, Glendale
- Units: 18
Alexanian Apartment Advisors has been highly active in the Glendale and Burbank apartment market, closing deals worth a total of $43,000,000 within the past 30 days. With over 55% market share and 2,900 units closed to date, their expertise and success in this area are evident.
Glendale Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93