New Starbucks building along Colorado Blvd. sells for $5.9 million

coloradoblvd1

A South Dakota-based company purchased land at 410 S. Colorado Boulevard. (Cassidy Ritter)

A site along Colorado Boulevard in Glendale where Starbucks is preparing to open has sold.

410 S Colorado LLC purchased the 1.5-acre property at 410 S. Colorado Blvd. last month for $5.88 million, according to public records.

The entity lists an office address that corresponds to a residential property in Sioux Falls, South Dakota.

The site along Colorado Boulevard was previously home to an Applebee’s restaurant. In recent months, however, crews have been constructing a stand-alone building for Starbucks on the site. It has yet to open.

The property was sold by an LLC affiliated with San Diego-based Westcore Properties. It purchased the site in March 2018 for $3.13 million, records show. David Chasin with Los Angeles-based Pegasus Investments Real Estate Advisory represented the buyer and seller in this transaction.

coloradoblvd1

A South Dakota-based company purchased land at 410 S. Colorado Boulevard. (Cassidy Ritter)

A site along Colorado Boulevard in Glendale where Starbucks is preparing to open has sold.

410 S Colorado LLC purchased the 1.5-acre property at 410 S. Colorado Blvd. last month for $5.88 million, according to public records.

The entity lists an office address that corresponds to a residential property in Sioux Falls, South Dakota.

The site along Colorado Boulevard was previously home to an Applebee’s restaurant. In recent months, however, crews have been constructing a stand-alone building for Starbucks on the site. It has yet to open.

The property was sold by an LLC affiliated with San Diego-based Westcore Properties. It purchased the site in March 2018 for $3.13 million, records show. David Chasin with Los Angeles-based Pegasus Investments Real Estate Advisory represented the buyer and seller in this transaction.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate

Editor's Picks

Leave a Reply

Your email address will not be published. Required fields are marked *