Updated Oct 12, 2026
David Walker Of Engine Real Estate Acquires Retail Property At 3220 Glendale Blvd For $9.998M
3220 Glendale Boulevard
$9,998,000
$689/SF
Building Size
14,500 SF
Asset Type
Retail
Closing
Oct 7, 2026
About this deal
AI
A retail property located at 3220 Glendale Boulevard in Los Angeles, CA was sold for $9,998,000. The asset encompasses 14,500 square feet, translating to a price per square foot of $690. The sale involved the former Beastie Boys clubhouse.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,998,000
- Buyer: David Walker - Engine Real Estate
- Seller: Atwater Corner, LLC
- Lender: Mega Bank
- Square Footage: 14,500
- Price Per Square Foot: $690
Engine Real Estate financed the acquisition with a loan of $7.35 million from Mega Bank. As part of the transaction, the property will host Maison Atwater and Forme Lagree as tenants, and G-Son Studios is set to expand its lease to operate as a 150-capacity live music venue.
On the Map
$9,998,000
$689/SF
Retail
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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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93