Brand Wilson LLC Acquires Mixed-Use Property In Glendale For $18M
210 N Brand Blvd, Glendale, CA, USA
$18,095,450
$416/SF
Building Size
43,437 SF
Asset Type
Mixed-use
Closing
Sep 30, 2019
AI
The Woolworth Building, a mixed-use property located at 210 N Brand Blvd in Glendale, CA, has been sold in a recent transaction. The property spans a total area of 43,437 square feet and features ground floor retail spaces along with office spaces on the second floor. The transaction took place on October 1, 2019, and the property was sold for a total price of $18,095,450, which translates to an average price per square foot of $416.59.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $18,095,450
- Address: 210 N Brand Blvd, Glendale, CA
- Market: Glendale
Brand Wilson LLC acted as the buyer in this transaction, while Bow Truss Capital LLC served as the seller. The buyer was represented by Warren Berzack and Slavic Zlatkin from Lee & Associates, along with Trevor Carl Nelson from Newmontis Real Estate Investment Management. On the seller's side, representation was provided by Trevor Carl Nelson from Newmontis Real Estate Investment Management. It is worth mentioning that the Woolworth Building is situated in the main commercial area of Glendale, adding to its value and appeal.
Players
Glendale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93