$6,875,000 USD
818-259-0476
4000 Foothill Blvd
Glendale, CA 91214
Crescenta Highlands
HIGHLIGHTS
- Wells Fargo Bank has occupied the branch since 2006 and has approximately six (6) years of lease term remaining.
- Wells Fargo subleased part of the building to Verizon Wireless.
- Investors get the benefit of two (2) corporate tenants occupying a 6,500 sq. ft. building under one, corporate NNN lease with Wells Fargo.
- The Tenant pays for CAM, taxes, insurance, and maintains most aspects of the property.
- The large 23,500+ sq. ft. lot possesses a highly desirable C3 zoning, which allows for a wide range of future redevelopment opportunities.
- The property is situated at the signalized intersection of Foothill Boulevard and Lowell Avenue in Glendale, CA.
FOR SALE DETAILS
PRICE
$6,875,000 USD
PRICE/SF
$1,058 USD /SF
CAP RATE
5.49%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
Wells Fargo Bank
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.54 AC
LAND SF
23,522 SF
ZONING
C3
APN/PARCEL ID
2572-001-017
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818-259-0476
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818-259-0476
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