Ingenious Asset Group Acquires Retail Property In Glendale For $4.5M
SOLD
$4,500,000
California
See Similar DealsRetail7,152 SF
Sold 04/07/2023
SOLD
Ingenious Asset Group Acquires Retail Property In Glendale For $4.5M
6340 San Fernando Rd
See Similar DealsRetail7,152 SF
Sold 04/07/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$629
Total Square Footage:7,152 SF
Transaction Type:Sale
Located at 6340 San Fernando Rd in Glendale, this retail property was recently sold in a closed transaction. The property spans an area of 7,152 square feet, with a price per square foot of $629. The transaction was handled by Vinny Jain from Ingenious Asset Group, Inc.
Summary of Transaction Details:
- Property Type: Retail
- Asking Price: $4,700,000
- Sale Price: $4,500,000
- Market: Glendale
Vinny Jain from Ingenious Asset Group, Inc., represented the seller and facilitated the successful sale of this retail property. The transaction closed at a sale price of $4,500,000, meeting the seller's expectations.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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