Updated Dec 21, 2023
Anahit Dovlatian Acquires Retail Property In Glendale, CA For $2.12M
1647 Glenoaks Boulevard, Glendale, California 91201, United States
$2,125,000
$198/SF
Building Size
10,704 SF
Asset Type
Retail
Closing
Aug 7, 2022
About this deal
AI
Anahit Dovlatian has purchased a retail property located at 1647-1651 W Glenoaks Blvd in Glendale, CA. The transaction was facilitated by Matthew Luchs, Brandon Michaels, and Steven Schechter from Marcus & Millichap. The property spans 10,704 square feet and was sold for a price of $2,125,000, resulting in a price per square foot of $199.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,125,000
- Address: 1647-1651 W Glenoaks Blvd, Glendale, CA
- Buyer: Anahit Dovlatian
- Seller: Barbara Marks
- Brokers: Matthew Luchs, Brandon Michaels, and Steven Schechter - Marcus & Millichap
- Square Feet: 10,704
- Price per Square Foot: $199
The sale of the retail property at 1647-1651 W Glenoaks Blvd was successfully completed with the assistance of Matthew Luchs, Brandon Michaels, and Steven Schechter from Marcus & Millichap. This transaction demonstrates the strong demand and activity in the Glendale, CA market for retail properties.
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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93