NAI Capital Completes $11.1M Office Medical Building Investment Sale in Glendale, CA
Los Angeles, CA January 7, 2018– Senior Vice President Dave Maron with NAI Capital’s Pasadena office has completed the investment sale of 1025 N Brand Blvd located in the city of Glendale, CA. The three-story, freestanding multitenant office medical building, encompassing 33,207 square feet, is located within the prestigious Tri-Cities office market.
Dave represented the seller. The buyer was 3801-3825 N Mission Rd Los Angeles LLC. The total sale price was $11.1M or $334 per square foot.
1025 N Brand Blvd. was built in 1961. It is in a densely populated office market, with excellent street visibility along N Brand Boulevard and has excellent transportation access to the 134 Freeway. The property benefits from a diversified tenant base of healthcare service providers. At the time of the sale the property was approximately 80% leased. With limited buildings for sale in the marketplace, office buildings are highly sought after.
Dave said, “The building was not on the market for sale. This was an off market deal. Current market conditions made it the right time to sell.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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