Updated Oct 28, 2024
Pine Tree Acquires Retail Property In Glendale For $64.1M
106 South Brand Boulevard, Glendale, California 91204, United States
$64,100,000
$416/SF
Building Size
154,049 SF
Asset Type
Retail
Closing
Jan 11, 2022
About this deal
AI
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
Glendale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93