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NAI Capital Facilitates $3.2M Sale Of Retail Property In Glendale

Property Image
SOLD
$3,200,000

California

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Retail6,733 SF
Sold 03/15/2024
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Property Image
SOLD

NAI Capital Facilitates $3.2M Sale Of Retail Property In Glendale

1212 South Brand Boulevard

See Similar Deals
Retail6,733 SF
Sold 03/15/2024
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$475
Total Square Footage:6,733 SF
Transaction Type:Sale

The retail and commercial property located at 1212 South Brand Boulevard in Glendale was sold for $3.2 million, at a rate of $475 per square foot. The transaction was facilitated by NAI Capital Commercial, with Guillermo Olaiz and John Archibald representing the undisclosed seller. The buyer's identity remains undisclosed.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,200,000
  • Address: 1212 South Brand Boulevard
  • Market: Glendale
  • Square Footage: 6,733
  • Brokers: Guillermo Olaiz & John Archibald - NAI Capital Commercial

NAI Capital Commercial played a crucial role in the sale of the property, with Guillermo Olaiz and John Archibald representing the seller. The buyer's identity, however, remains undisclosed, keeping the transaction details confidential.

Players

John Archibald
4 deals$19.6M volume(626) 660-8228
BROKER

Guillermo Olaiz
NAI Global
6 deals$27.1M volume(626) 204-1531
BROKER

Details

SOLD
IMAGE: Guillermo Olaiz & John Archibald DATE: 03/15/2024 ADDRESS: 1212 South Brand Boulevard MARKET: Glendale ASSET TYPE: Retail BROKERS: Guillermo Olaiz & John Archibald - NAI Capital Commercial (@NAICapital) SALE PRICE: $3,200,000 SF: 6,733 ~ PPSF: $475 NOTE: NAI Capital Commercial facilitates the sale of a retail and commercial property in Glendale, north of Los Angeles, for $3.2 million, at $475 per square foot. Guillermo Olaiz and John Archibald represent the undisclosed seller, with the buyer's identity remaining undisclosed.

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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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