ABC Academy USA Purchases Retail Property At 334 North Central Avenue For $3,590,000 With Leo Khechumyan's Representation
334 North Central Avenue
$3,590,000
$733/SF
Building Size
4,892 SF
Asset Type
Retail
Closing
Apr 10, 2026
AI
The retail property located at 334 North Central Avenue in Glendale was sold for $3,590,000. This asset encompasses a total square footage of 4,892. The price per square foot for this transaction was calculated at $733.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,590,000
- Buyer: ABC Academy USA
- Seller: Daniel Manavi
- Buyer's Representative: Leo Khechumyan - Spectrum Commercial Real Estate
The transaction was facilitated by Leo Khechumyan, representing ABC Academy USA in this purchase deal, effectively bridging the buyer and seller, Daniel Manavi. The participation of Spectrum Commercial Real Estate in this deal highlights the brokerage's role in navigating the complexities of the retail market.
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
4.42%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93