Historical Office Sale Listing - Medical Mixed Use on a Trophy Corner

Office For Sale

This Office property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Office For Sale, Glendale, CA or California

Medical Mixed Use on a Trophy Corner

501 W Glenoaks Blvd, Glendale, CA 91202

N/A

14,744 SF | Office

  • Print

Photo Main

Office Property - Off Market

Price:
N/A
Building Size:
14,744 SF
Property Type:
Office
Property Sub-type:
Medical Office
Additional Sub-types:
Office Building
Free Standing Bldg
Strip Center
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
5.68%
Tenancy:
Multiple
Lot Size:
25,387 SF
Listing ID
16024311
Last Updated
over 1 year ago

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.

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

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

  • Demographics – Population, income & other demographics near 501 W Glenoaks Blvd
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building