815 S Central Ave - Office FOR SALE


Glendale, CA 91204- Pacific-Edison
$6,180,000 USD
805-338-9232
815 S Central Ave, Glendale, CA for Sale
$6,180,000 USD
Office - FOR SALE
1/16
null | 3.58% Cap Rate

815 S Central Ave
Glendale, CA 91204
Pacific-Edison


HIGHLIGHTS

  • Incredible owner user opportunity plus income in place
  • Prime location with 132 feet of frontage on prime Center Ave
  • Desirable asset in Glendale, one of Los Angeles' hottest submarkets
  • Private parking lot with 27 dedicated surface spaces

OVERVIEW

NAI CAPITAL IS PLEASED TO PRESENT 815 S Central Ave, an approximately 15,458 SF commercial asset on approximately 0.41 AC of land. This pride of ownership neighborhood office building is located in one of Los Angeles County’s most coveted submarkets, the city of Glendale. Situated with 132 feet of prime frontage on S Central Ave, the asset is very desirably located, with easy accessibility via the 134, 5, and 2 freeways. It is just a half mile from Glendale’s famous Americana at Brand shopping and lifestyle destination, and enjoys excellent traffic counts of +/- 26,569 vehicles per day. The property is currently fully leased to 25 tenants on short term leases, offering maximum flexibility for a new owner user or investor who wishes to occupy or redevelop any portion of the property. The asset is comprised of a two story office/retail building, with 27 parking spaces on the adjacent private lot. It features an attractive courtyard-style design with well appointed interiors and attractive street-facing units on the ground floor that are ideal for storefront or customer-facing office uses. A new owner-user seeking to occupy 51% or more of the usable area can qualify for SBA financing, with as little as 10% down payment.

FOR SALE DETAILS

PRICE

$6,180,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

3.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Central Offices

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,513 SF

ZONING

C3, Glendale

APN/PARCEL ID

5696-018-028

ASK ABOUT THIS PROPERTY

Rose O'SullivanNAI CapitalMore Info
805-338-9232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Rose O'SullivanNAI CapitalMore Info
805-338-9232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.