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1761-1769 Glendale Blvd

Dan Harkham Acquires Retail Property On Glendale Blvd In Los Angeles For $5.1M
SOLDRetail

Dan Harkham Acquires Retail Property On Glendale Blvd In Los Angeles For $5.1M

1761-1769 Glendale Blvd

$5,100,000

$596/SF

Building Size

8,547 SF

Asset Type

Retail

Closing

Mar 17, 2023

AI

The retail property located at 1761-1769 Glendale Blvd in Los Angeles has been sold in a transaction. The property spans a total of 8,547 square feet, with a sale price of $5,100,000, resulting in a price per square foot of $597.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,100,000

The buyer of the property is Dan Harkham, while the seller is Joel Tucker. Representing the buyer is Daniel Bahr from CORE Commercial Real Estate, and representing the seller are Ryan Serling, Martin Agnew, and Hannah Zager from the Agnew Serling Group at Marcus & Millichap.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93