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6340 San Fernando Rd

Ingenious Asset Group Acquires Retail Property In Glendale For $4.5M
SOLDRetail

Ingenious Asset Group Acquires Retail Property In Glendale For $4.5M

6340 San Fernando Rd

$4,500,000

$629/SF

Building Size

7,152 SF

Asset Type

Retail

Closing

Apr 7, 2023

AI

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.

Players

Vinny Jain

Ingenious Asset Group

Broker

$51.4M

vol

15 deals

Broker

Market 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93