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1141-1147 E Colorado St
Glendale, CA 91205
Retail Property For Sale
Investment Highlights
- Below Market Rent Tenants – Current monthly rent of $14,053.00 ($2.32/SF) is below market.
- Signalized Corner Location – Located at the NW signalized corner of Colorado Street & S Chevy Chase Drive.
- Surface Parking – Served by 12 surface parking spaces; A parking ratio of 1.92 spaces per 1,000 SF.
- Immediate Upside in CAMs – Current ownership is collecting minimal CAMs, however the leases are NNN.
- Ideal Unit Sizes – The four (4) units average 1,516 SF with bay depths of between 35 and 50 feet, making them ideal retail spaces.
- Multiple Points of Entry – The property enjoys ingress and egress along both Colorado Street & S Chevy Chase Drive.
Property Facts
Property Type
Retail
Building Size
6,238 SF
Building Class
B
Year Built
1977
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.24 AC
Zoning
C3 I
Parking
12 Spaces (1.92 Spaces per 1,000 SF Leased)
Frontage
996’ on Colorado
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 5674-021-023 | Improvements Assessment | $1,211,454 |
| Land Assessment | $1,999,200 | Total Assessment | $3,210,654 |
Property Taxes
Parcel Number
5674-021-023
Land Assessment
$1,999,200
Improvements Assessment
$1,211,454
Total Assessment
$3,210,654
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