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June 24, 2019
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SOUTHERN CALIFORNIA NEWS
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Investor Pays $334/sf for Glendale Office Building

1/04/19

A three-story, freestanding multitenant office medical building totaling 33.2k sf of space sold for $11.1 mil ($334/sf). Built in 1961, the building is located at 1025 N. Brand Blvd, north of the 134 Fwy and Glenoaks Blvd within the Tri-Cities office market.

The property is in a densely populated office market with excellent street visibility along N Brand Blvd. It benefits from a diversified tenant base of healthcare service providers. At the time of sale, the building was 80% leased.

Dave Maron with NAI Capital represented the seller in the deal. The buyer was 3801-3825 N Mission Rd Los Angeles LLC. According to Maron, this was an off-market deal.





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