1510 Colorado LLC Acquires Hotel In Glendale For $15.5M | 1510 East Colorado Street | Hotel | Sale

Summary

Sale

CALIFORNIA

Hotel

32,000 sqft

The hotel property located at 1510 E. Colorado St. in Glendale has been sold. The transaction took place on 05/31/2022 between the buyer, 1510 Colorado LLC, represented by AJ Patel, and the seller, Wismax LLC, represented by Kevin Chiu.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $15,500,000
Address: 1510 E. Colorado St., Glendale
Market: Glendale

The hotel comprises a total of 32,000 square feet and was purchased at a price of $15,500,000, resulting in a price per square foot of $484. The buyer, 1510 Colorado LLC, acquired 62 keys as part of the deal. The personal property included in the transaction is valued at $250,000.

AJ Patel represented the buyer, 1510 Colorado LLC, while Kevin Chiu represented the seller, Wismax LLC.

Details

Deal Summary

SOLD

IMAGE: 05/31/2022 ADDRESS: 1510 E. Colorado St. MARKET: Glendale ASSET TYPE: Hotel BUYER: 1510 Colorado LLC - AJ Patel SELLER: Wismax LLC - Kevin Chiu SALE PRICE: $15,500,000 KEYS: 62 ~ PPK: $250,000 SF: 32,000 ~ PPSF: $484

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Address1510 East Colorado Street

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