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1370 Foothill Blvd 8,128 SF 100% Leased Office Building La Cañada Flintridge, CA 91011 $3,985,000 ($490.28/SF) 5.64% Cap Rate
INVESTMENT HIGHLIGHTS
- Thirty-Two (32) years remaining on ground lease
- 2 new HVAC systems installed in 2023 & 2024
- New roof coating with 20-year warranty
- 25 minutes to Burbank Airport
EXECUTIVE SUMMARY
Owners Motivated – Submit All Offers
See Marketing Brochure attached for additional information.
See Marketing Brochure attached for additional information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leased Fee)
Property Type
Office
Property Subtype
Medical
Building Size
8,128 SF
Building Class
C
Year Built
1984
Price
$3,985,000
Price Per SF
$490.28
Cap Rate
5.64%
NOI
$224,689
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,064 SF
Building FAR
0.43
Lot Size
0.43 AC
Zoning
LFC3 - Commercial
Parking
33 Spaces (4.06 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 5813-014-034 | Improvements Assessment | $1,744,884 |
| Land Assessment | $482,737 | Total Assessment | $2,227,621 |
PROPERTY TAXES
Parcel Number
5813-014-034
Land Assessment
$482,737
Improvements Assessment
$1,744,884
Total Assessment
$2,227,621
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1370 Foothill Blvd
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