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1225-1265 Los Angeles St 61,625 SF Industrial Building Glendale, CA 91204 $20,000,000 ($324.54/SF) 5.51% Cap Rate
Investment Highlights
- Concrete Tilt-up Construction
- 24’ Clear height
- ULA Tax Exempt (City of Glendale)
- 4 Ground Level Loading Doors
- Entertainment driven layout
Executive Summary
State-Of-The-Art Flex/Industrial Building Totaling 61,625 SQ FT
Long-term Tenant With 4.7 Years Remaining On Lease
100% Leased To 4 Over
Rents 30% Below Market
Long-term Tenant With 4.7 Years Remaining On Lease
100% Leased To 4 Over
Rents 30% Below Market
Property Facts
| Price | $20,000,000 | Rentable Building Area | 61,625 SF |
| Price Per SF | $324.54 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1990 |
| Cap Rate | 5.51% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.71/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 1.89 AC | ||
| Zoning | M3 - Heavy Industrial | ||
| Price | $20,000,000 |
| Price Per SF | $324.54 |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.89 AC |
| Rentable Building Area | 61,625 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 0.71/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | M3 - Heavy Industrial |
Amenities
- Fenced Lot
- Yard
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5640-003-006 | Improvements Assessment | $3,964,466 |
| Land Assessment | $6,293,931 | Total Assessment | $10,258,397 |
Property Taxes
Parcel Number
5640-003-006
Land Assessment
$6,293,931
Improvements Assessment
$3,964,466
Total Assessment
$10,258,397
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1225-1265 Los Angeles St
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