BrandWilson LLC Acquires Glendale Office Building From Bow Truss Capital
201 N Brand BLVD, Glendale, CA, 91203
$18,100,000
$416/SF
Building Size
43,437 SF
Asset Type
Office
Closing
Oct 10, 2019
AI
The mixed-use property at 201 N. Brand Blvd. in Glendale, CA, was sold for $18.1 million. The property spans 43,437 square feet and features a storefront retail space on the ground floor and office space on the second floor. The asset, fully leased at the time of sale, housed tenants such as AT&T, Unify Credit Union, 85°, and Regus.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $18,100,000.00
- Market: Glendale
- Buyer: BrandWilson LLC
- Seller: Bow Truss Capital
- Buyer's Representatives: Slavic Zlatkin(Lee & Associates), Warren Berzack(Lee & Associates)
- Seller's Representative: Trevor Nelson()
Warren Berzack and Slavic Zlatkin of Lee & Associates represented the buyer, BrandWilson LLC, in the transaction. Trevor Carl Nelson of Newmontis Real Estate Investment Management served as the seller's representative, Bow Truss Capital, during the deal. The property, known as the historic Woolworth Building, underwent recent renovations.
Players
Glendale Office Market Snapshot
Boundary boundary · Office · 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