501 W Glenoaks Blvd
Glendale, CA 91202 ·
14,744 SF · Office For Sale
Medical Mixed Use on a Trophy Corner
|Building Size||14,744 SF||Cap Rate||5.68%|
|Lot Size||25,387 SF|
|Property Use Type||Investment|
|Listing ID: 16024311||Date Created: 12/11/2008||Last Updated: 08/02/2009|
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.
731 W. Wilson Avenue
Glendale, CA 91203
For Sale · $3,550,000
17,322 SF Building
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