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71 16 Myrtle Avenue

Asset CRG Advisors Leases Retail Space At 71-16 Myrtle Avenue In Glendale For $60 Per Foot
LEASEDRetail

Asset CRG Advisors Leases Retail Space At 71-16 Myrtle Avenue In Glendale For $60 Per Foot

71 16 Myrtle Avenue

$60

$60/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Jun 30, 2025

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:

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.

Players

Mark Akilov

Asset CRG Advisors

Broker

$19M

vol

13 deals

Broker
Sadya Liberow
Verified Badge

Sadya Liberow

Asset CRG Advisors

Broker

$124.8M

vol

32 deals

Broker
Asset CRG Advisors
Asset CRG AdvisorsBrokerage
Asset CRG Advisors
Asset CRG AdvisorsTenant

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