Artak Dovlatian Purchases Retail Property From Lina Pellitier In Glendale For $3.13M
SOLD
$3,133,000
California
See Similar DealsRetail6,238 SF
Sold 09/03/2024
SOLD
Artak Dovlatian Purchases Retail Property From Lina Pellitier In Glendale For $3.13M
1141 East Colorado Street
See Similar DealsRetail6,238 SF
Sold 09/03/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$502
Total Square Footage:6,238 SF
Transaction Type:Sale
The retail property located at 1141 East Colorado Street in Glendale has been sold for a total of $3,133,000. The asset spans a total of 6,238 square feet, resulting in a price per square foot of $502.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,133,000
- Square Footage: 6,238
- Price Per Square Foot: $502
- Buyer: Artak Dovlatian
- Seller: Lina Pellitier
- Broker Representatives: Brandon Michaels & Steven Schechter - Marcus & Millichap
- Market: Glendale
Brandon Michaels and Steven Schechter of Marcus & Millichap represented the buyer and seller in the transaction. The sale was finalized on September 3, 2024, marking a significant event in the Glendale retail market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$167,093.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,130.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,852.02
Annual Debt Service$178,224.22
Is there something missing? Send suggestions