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Pine Tree Acquires Retail Property In Glendale For $64.1M

Property Image
SOLD
$64,100,000
Geoff Tranchina
Gleb Lvovich
Bryan Ley
+ 1

California

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Retail154,049 SF
Sold 01/11/2022
the dealplayerscompscontact
Property Image
SOLD

Pine Tree Acquires Retail Property In Glendale For $64.1M

106 South Brand Boulevard, Glendale, California 91204, United States

See Similar Deals
Retail154,049 SF
Sold 01/11/2022
Geoff Tranchina
Gleb Lvovich
Bryan Ley
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$416
Total Square Footage:154,049 SF
Transaction Type:Sale

The retail property located at 106-146 South Brand Boulevard in Glendale has been sold for a total price of $64,100,000. The property spans an area of 2.2 acres and features a total square footage of 154,049. The price per square foot comes out to be $416. The transaction took place on January 11, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $64,100,000
  • Address: 106-146 South Brand Boulevard, Glendale
  • Market: Glendale
  • Size: 2.2 acres
  • Square Footage: 154,049
  • Price per Square Foot: $416

Pine Tree has acquired the property from EB Arrow. The seller was represented by Gleb Lvovich, Bryan Ley, Geoff Tranchina, and Daniel Tyner from JLL Capital Markets.

Players

Bryan Ley
NorthMarq
Bryan Ley
21 deals$732.6M volume
BROKER
Daniel Tyner
JLL
Daniel Tyner
63 deals$2B volume
BROKER
Gleb Lvovich
JLL
Gleb Lvovich
62 deals$2.2B volume
BROKER
Geoff Tranchina
JLL
Geoff Tranchina
47 deals$2.2B volume
BROKER
PT
Pine Tree
BUYER
EA
EB Arrow
SELLER

Details

SOLD
IMAGE: Gleb Lvovich, Geoff Tranchina, Bryan Ley & Daniel Tyner DATE: 01/11/2022 ADDRESS: 106-146 South Brand Boulevard MARKET: Glendale ASSET TYPE: Retail ~ ACRES: 2.2 BUYER: Pine Tree SELLER: EB Arrow SELLER'S REP: Gleb Lvovich, Bryan Ley, Geoff Tranchina & Daniel Tyner - JLL Capital Markets SALE PRICE: $64,100,000 SF: 154,049 ~ PPSF: $416

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$227,733.76
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