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201 N Brand BLVD, Glendale,...

BrandWilson LLC Acquires Glendale Office Building From Bow Truss Capital
SOLDOffice

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:

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

Trevor Nelson

Broker

$41.6M

vol

3 deals

Broker

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