1605-1615 S Brand Blvd - Freestanding FOR SALE


Glendale, CA 91204- Tropico
$4,000,000 USD
1605-1615 S Brand Blvd, Glendale, CA for Sale
$4,000,000 USD
Freestanding - FOR SALE
1/8
null | 3% Cap Rate

Jul '25


1605-1615 S Brand Blvd
Glendale, CA 91204
Tropico


HIGHLIGHTS

  • HEAVY VEHICULAR TRAFFIC CORRIDOR
  • PROFORMA CAP RATE 10%
  • EXPIRING LEASE, MTM LEASE AND SHORT TERM LEASES WITH MAJOR UPSIDE IN RENT
  • HIGH VISIBILITY
  • LARGE LOT OVER 22,000SF
  • GLENDALE ZONING C-3 BUYER TO INVESTIGATE

OVERVIEW

PRIME GLENDALE ON BRAND BLVD WITH FANTASTIC FRONTAGE & VISIBILITY. LONG TERM TENANTS WITH SHORT TERM LEASES OR MTM. ONE LEASE EXPIRING JULY 12, 2025. LONG TERM OWNERSHIP FINALLY SELLING AFTER DECADES. LARGE LOT POTENTIAL GLENDALE C-3 ZONING. BUYER TO INVESTIGATE WHETHER THEY CAN DEVELOP. RENTS ARE WELL BELOW MARKET AND THE PROFORMA CAP RATE IS APPROXIMATELY 10%!!! 3 LEASES ARE NET LEASES AND THE EXPIRING LEASE IS MG. DO NOT DISTURB TENANTS OR WALK ON PROPERTY WITHOUT AN APPOINTMENT. DRIVE BY ONLY PLEASE.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$439 USD /SF

CAP RATE

3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership, Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

GLC3*

APN/PARCEL ID

5640-028-049

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Jay ChuSP Residential, Inc.More Info

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Jay ChuSP Residential, Inc.More Info

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