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
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