339 1/2 N Brand Blvd | Glendale, CA 91203
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- LoopNet Team
339 1/2 N Brand Blvd
Glendale, CA 91203
Hotel Brandwood: Value-Add w/ Cash Flow · Hospitality Property For Sale · 20,000 SF
Investment Highlights
- 38 Key Interior Corridor Mid-Scale Independent Hotel with Retail Value Add in the Heart of Glendale Business & Financial District
- Glendale has 14.1 Million SF of Office Space, 16,7 Million SF of Retail, and 5,000+ Multifamily Units
- Post Renovation Repositioning: Pro-Forma Projects 30%+ Revenue Growth Plus Lease Revenue; Strong Soft Brand will Increase Bottom Line
- Currently, Hotel is averaging $100,000 per month in Revenue. 2020 - ADR: $114.47; OR: 80%
- Fully Permitted and Approved for 2 Ground Floor Restaurants with Retail, an Elevator Servicing All Floors, and Office Space.
- City Supports Rooftop Lounge Concept - Not Currently Approved
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 20,000 SF |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | C | Year Built/Renovated | 1924/2020 |
| Lot Size | 0.18 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 20,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1924/2020 |
| Corridor | Interior |
Amenities
- High Speed Internet Access
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 5643-020-056 | Improvements Assessment | $7,334,500 |
| Land Assessment | $1,050,000 | Total Assessment | $8,384,500 |
PROPERTY TAXES
Parcel Number
5643-020-056
Land Assessment
$1,050,000
Improvements Assessment
$7,334,500
Total Assessment
$8,384,500
zoning
| Zoning Code | Downtown Specific Plan (The Alex Theatre district focuses on entertainment activities, restaurants, retail businesses, and pedestrian-oriented activities.) |
| Downtown Specific Plan (The Alex Theatre district focuses on entertainment activities, restaurants, retail businesses, and pedestrian-oriented activities.) |
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