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210 N Brand Blvd, Glendale,...

Brand Wilson LLC Acquires Mixed-Use Property In Glendale For $18M
SOLDMixed-use

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

Trevor Nelson

Broker

$41.6M

vol

3 deals

Broker

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