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

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.

POSTED IN Commercial Real Estate, News, Top News

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