2011 Zehnaly Family Trust Acquires Other Asset In Glendale Sale For $9.6M
SOLD
$9,600,000
+ 1
California
See Similar DealsOther17,064 SF
Sold 03/02/2020
SOLD
2011 Zehnaly Family Trust Acquires Other Asset In Glendale Sale For $9.6M
900 E Colorado St, Glendale, CA, USA
See Similar DealsOther17,064 SF
Sold 03/02/2020
+ 1
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$562
Total Square Footage:17,064 SF
Transaction Type:Sale
The property sold in this transaction is located at 900 E. Colorado St in Glendale, California. It is categorized as an Other asset type.
Summary of transaction details
- Property Type: Other
- Transaction Amount: $9,600,000
- Square Footage: 17,064
- Price per Square Foot: $562.59
The buyer in this transaction was the 2011 Zehnaly Family Trust, while the seller was The He Sook Kim Trust. The deal was facilitated by brokers T.C. Macker, Patrick Sheekey, Jennifer Moscoso from WESTMAC Commercial Brokerage Company, and Sam Manoukian from Re/Max Optima.
The property was sold for a 4.0% capitalization rate. The escrow period for this transaction was 90 days.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$511,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,508.90
Annual Debt Service$546,106.77
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