Asset CRG Advisors Leases Retail Space At 71-16 Myrtle Avenue In Glendale For $60 Per Foot
71 16 Myrtle Avenue
Building Size
1,000 SF
Asset Type
Retail
Closing
Jun 30, 2025
About this deal
AI
The leased asset is a retail space located at 71-16 Myrtle Avenue in the Glendale market. The property encompasses a total square footage of 1,000 and is offered under a single net lease with an asking rent of $60 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Square Footage: 1,000
- Address: 71-16 Myrtle Avenue
- Market: Glendale
- Landlord: Mariya Aminov
- Tenant: Asset CRG Advisors
- Tenant's Representatives: Mike Sezan, Yuriy Ustoyev, Sadya Liberow, Isaac Matayev, Ilya Mirzakandov, Mark Akilov, Natali Gil, Shariel Benshar, Yakov Baybachayev & Elan Yushuvayev - Asset CRG Advisors
- Lease Type: Single Net Lease
Asset CRG Advisors has adopted this new location as their flagship office, intended to serve as a hub for their commercial real estate operations. The movement underscores their expansion and commitment to the neighborhoods they serve.
On the Map
Retail
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Players
Glendale Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93