Updated Sep 1, 2026
Artak Dovlatyan Purchases Retail Property From David Pavone In Glendale For $2.725M
1361 East Colorado Street
$2,725,000
$461/SF
Building Size
5,900 SF
Asset Type
Retail
Closing
Aug 13, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 1361 East Colorado Street in Glendale. The sale price for the asset was $2,725,000, encompassing a total square footage of 5,900. The price per square foot amounted to $461.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,725,000
- Address: 1361 East Colorado Street
- Market: Glendale
- Buyer: Artak Dovlatyan
- Seller: David Pavone
- Brokers: Brandon Michaels & Emin Gabrimasshih - Marcus & Millichap
The deal was managed by brokers Brandon Michaels and Emin Gabrimasshih from Marcus & Millichap, representing the buyer and seller in this transaction.
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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93