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
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