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6413 San Fernando Boulevard...

Mr. Sarkis Damargi Acquires Retail Property In Glendale For $1.125M
SOLDRetail

Mr. Sarkis Damargi Acquires Retail Property In Glendale For $1.125M

6413 San Fernando Boulevard, Glendale, California 91201, United States

$1,125,000

$750/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Feb 17, 2022

AI

6413 San Fernando Rd is a retail property located in Glendale. This property was recently sold on 02/18/2022 for a total price of $1,125,000. The property spans across 1,500 square feet, resulting in a price per square foot of $750.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,125,000
  • Address: 6413 San Fernando Rd
  • Market: Glendale

The buyer of this property was Mr. Sarkis Damargi, while the seller was Mr. Jorge Alvarado. The buyer was represented by David Issaians from KW Commercial, and the seller was represented by Martin Agnew, Ryan R. Serling, Joshua Yaris, and Bradly Wetherby from Marcus & Millichap.

Overall, the sale of this retail property at 6413 San Fernando Rd in Glendale signifies a noteworthy transaction, with the buyer and seller represented by reputable brokers in the industry. The property was sold for a significant amount, reflecting its value in the market.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93