339 1/2 N Brand Blvd - Hospitality FOR SALE
Glendale, CA 91203 |
339 1/2 N Brand Blvd
Glendale, CA 91203
HIGHLIGHTS
- 38 Key Interior Corridor Mid-Scale Independent Hotel with Retail Value Add in the Heart of Glendale Business & Financial District
- Currently, Hotel is averaging $100,000 per month in Revenue. 2020 - ADR: $114.47; OR: 80%
- Glendale has 14.1 Million SF of Office Space, 16,7 Million SF of Retail, and 5,000+ Multifamily Units
- Fully Permitted and Approved for 2 Ground Floor Restaurants with Retail, an Elevator Servicing All Floors, and Office Space.
- Post Renovation Repositioning: Pro-Forma Projects 30%+ Revenue Growth Plus Lease Revenue; Strong Soft Brand will Increase Bottom Line
- City Supports Rooftop Lounge Concept - Not Currently Approved
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Hotel Brandwood: Value-Add w/ Cash Flow
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
20000
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1924
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
Downtown Specific Plan
APN/PARCEL ID
5643-020-056
