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215 N Central Ave, Glendale...

Updated Oct 29, 2024

Harvard LLC Acquires Medical Facility In Glendale For $3M
SOLDOther

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

Jay Martinez

Kidder Mathews

Broker

$145.3M

vol

41 deals

Broker

Glendale Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $153 per square foot on a published $3M for 19,602 square feet (2020).

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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

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