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.
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