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

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SOLD
$4,500,000

California

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Retail7,152 SF
Sold 04/07/2023
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Property Image
SOLD

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

6340 San Fernando Rd

See Similar Deals
Retail7,152 SF
Sold 04/07/2023
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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.

Players

Vinny Jain
15 deals$51.4M volume(310) 433-6214
BROKER

Details

SOLD
IMAGE: Vinny Jain DATE: 04/07/2023 ADDRESS: 6340 San Fernando Rd MARKET: Glendale ASSET TYPE: Retail BROKER: Vinny Jain - Ingenious Asset Group, Inc. (@Ingenious_Asset_Group) ASKING PRICE: $4,700,000 SALE PRICE: $4,500,000 SF: 7,152 ~ PPSF: $629

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Deal Type
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