This Office Property is Off-Market.

501 W Glenoaks Blvd
Glendale, CA 91202 ·

14,744 SF · Office For Sale

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Medical Mixed Use on a Trophy Corner

Price N/A Commission Split 2%
Building Size 14,744 SF Cap Rate 5.68%
Property Type Office Tenancy Multiple
Property Sub-type
Medical Office
More...
  • Office Building
  • Free Standing Bldg
  • Strip Center
Lot Size 25,387 SF
Property Use Type Investment
Listing ID: 16024311 Date Created: 12/11/2008 Last Updated: 08/02/2009

Description

Marcus & Millichap is pleased to present this medical mixed-use property on a trophy corner in Glendale.

The property includes over 25,300 square feet of land spanning from Glenoaks Boulevard to Pacific Avenue. The building is a 14,700 square foot, two-story office and retail property, built in 1982, which includes space for eleven
tenants. Currently the Owner is keeping 2 units vacant in case of a potential owner/user buyer. The 5.68% cap rate is based upon 95% occupancy.

For investors interested in writing offers, please contact listing agents for instructions. Please do not disturb the tenants!

$87,000 of commission to Buy side Broker.

The location of the property is unparalleled. The intersection at West Glenoaks Boulevard and North Pacific Avenue have a combined traffic count of 68,900 vehicles per day. Notable nearby attractions include the renowned Glendale Galleria mall and The Americana at Brand luxury complex. Around the subject
property, particularly to the north, are estate homes with an average household income exceeding $130,000 per year.

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501 W Glenoaks Blvd, Glendale, CA 91202 (Los Angeles County)

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