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BrandWilson LLC Acquires Glendale Office Building From Bow Truss Capital

Property Image
SOLD
$18,100,000

California

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Office43,437 SF
Sold 10/10/2019
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Property Image
SOLD

BrandWilson LLC Acquires Glendale Office Building From Bow Truss Capital

201 N Brand BLVD, Glendale, CA, 91203

See Similar Deals
Office43,437 SF
Sold 10/10/2019
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$416
Total Square Footage:43,437 SF
Transaction Type:Sale

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:

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

3 deals$41.6M volume
BROKER


Slavic Zlatkin
Lee & Associates
3 deals$41.8M volume
BROKER

Details

SOLD
IMAGE: 10/10/2019 ADDRESS: 201 N Brand BLVD, Glendale, CA, 91203 MARKET: Glendale ASSET TYPE: Office BUYER'S REP: Slavic Zlatkin(Lee & Associates), Warren Berzack(Lee & Associates) SELLER'S REP: Trevor Nelson() BUYER: BrandWilson LLC SELLER: Bow Truss Capital PRICE: $18,100,000.00 SF: 43437

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$64,305.48
Cash-on-Cash Return-1.27%
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