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1212 South Brand Boulevard

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

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

1212 South Brand Boulevard

$3,200,000

$475/SF

Building Size

6,733 SF

Asset Type

Retail

Closing

Mar 15, 2024

AI

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

NAI Global

Broker

$19.6M

vol

4 deals

Broker

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93