1100 E Colorado St
Glendale, CA 91205
Retail Property For Sale

Marcus and Millichap has been selected to exclusively market 1100 E Colorado St, situated in downtown Glendale. The property consists of 3 retail spaces, totaling a rentable square footage of just over 5,400 square feet. This opportunity works perfectly for either an investor or owner/user looking to acquire an asset in an extremely desirable part of Glendale. The subject property sits on the signalized corner of Colorado St and Adams St, seeing more than 45,000 cars a day. This coupled with 50 feet on frontage on Colorado St and 100 feet of frontage on South Adams making this a superb location for any retail tenant or user. The spaces break down into two larger suites in the front, consisting of a 2,600 square foot space and a 2,000 foot space. The third space towards the rear totals just under 800 square feet. This opportunity allows for an investor to immediately create value with two out of the three tenants being well below market. This coupled with the fact that they are both on month to month leases makes this a perfect value add opportunity. On the other hand, the two spaces could also be delivered vacant at the close of escrow, allowing an owner/user to move business into the property and obtain SBA Financing. The largest space, occupied by a French Clothing Boutique, boasts about 600 square feet of mezzanine space. The second largest space, currently occupied by a Uniform Store, is the only space with term left of the lease. This unit pays market rent and still has 4 years left on the current lease. The smallest of the three units, occupied by a cell phone retailer, is also on a month to month lease term. After stabilization and bringing the month to month leases up to market rent, an investor would enjoy a return of over 5.00%. This is very attractive for an area as strong as Downtown Glendale has become.