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Harvard LLC Acquires Medical Facility In Glendale For $3M

Property Image
SOLD
$3,000,000

California

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Other19,602 SF
Sold 04/01/2020
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Property Image
SOLD

Harvard LLC Acquires Medical Facility In Glendale For $3M

215 N Central Ave, Glendale, CA, USA

See Similar Deals
Other19,602 SF
Sold 04/01/2020
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Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$153
Total Square Footage:19,602 SF
Transaction Type:Sale

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

Jay Martinez
41 deals$145.3M volume(310) 658-3375
BROKER

Kelly Betpolice
Kidder Mathews
6 deals$83.7M volume
BROKER

Details

SOLD
IMAGE: Kelly Betpolice & Jay Martinez DATE: 04/01/2020 ADDRESS: 215 N Central Ave MARKET: Glendale BUYER: Harvard LLC SELLER: Steve Cobos BROKERS: Kelly Betpolice, Jay Martinez PRICE: $3,000,000 SF: 19,602 ~ PPSF: $153.05 NOTES: Adaptive reuse for medical facility.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37