Triple-Award Winning Osborn Building in Glendale Sells for $4.1 Million
GLENDALE, CA – September 24, 2014 – (RealEstateRama) – Shari Baner with NAI Capital’s Encino office represented the Seller, Osborn Family Trust, in the sale of an 8,762 sq. ft. Osborn Office Building located at 320 East Harvard Street in Glendale, CA to the Buyer, 320 Harvard LLC. The outside brokerage was represented by the Prospect Group and the value of the sales transaction was $4.1 Million.
Shari Banner with NAI Capital notes, “This was an amazing opportunity to represent a triple award winning trophy office building in a prestigious area of Glendale located just blocks from the Americana on Brand Shopping Center. The building sold at an unprecedented $468 per sq. ft. This one of a kind building was under contract within three weeks with a local company who will use it as their new administrative headquarters and retain the name, “The Osborn Building”.
The Osborn Building is a unique trophy office building designed by the Osborn Architects in 1997. The property consists of three levels, the ground, security parking and entry level. It also offers a 420 sf. ft. patio, 2 distinct conference rooms, spacious display areas, workrooms, and storage. It is appointed with beautiful wooden bowstring trusses, custom finished concrete masonry, copper and stainless steel detailing, tensile fabric canopies and custom lighting systems highlighting the voluminous space with 30 ft. ceiling.
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California member of NAI Global, a premier real estate service network in 55 countries with 375 local offices and 6,700 local market leaders spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage BRE #00806840.
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