Updated Oct 29, 2024
Harvard LLC Acquires Medical Facility In Glendale For $3M
215 N Central Ave, Glendale, CA, USA
$3,000,000
$153/SF
Building Size
19,602 SF
Asset Type
Other
Closing
Mar 31, 2020
About this deal
AI
Harvard LLC has purchased a property located at 215 N Central Ave in Glendale. The transaction, which closed on April 1, 2020, involved the sale of the property by Steve Cobos. The deal was facilitated by brokers Kelly Betpolice and Jay Martinez. The property was sold for a price of $3,000,000, which translates to a per square foot price of $153.05. The property spans a total area of 19,602 square feet.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $3,000,000
- Address: 215 N Central Ave
- Market: Glendale
- Buyer: Harvard LLC
- Seller: Steve Cobos
- Brokers: Kelly Betpolice, Jay Martinez
The property at 215 N Central Ave in Glendale was purchased by Harvard LLC in a closed transaction. The deal, initiated by Steve Cobos as the seller, was successfully executed with the assistance of brokers Kelly Betpolice and Jay Martinez. The property, with a total area of 19,602 square feet, was sold for a price of $3,000,000. It is worth noting that the adaptive reuse of the property is planned for a medical facility.
Players
Glendale Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93