200 W Broadway
Glendale, CA 91210
Dick's Sporting Goods & Gold's Gym · Retail Property For Sale
Investment Highlights
- Exceptional location as part of the Glendale Galleria, the epicenter of major retail and multi-family in the City of Glendale.
- Extremely dense urban sub-market with a population of 235,728 and 598,442 within a 3 and 5-mile radius respectively.
- Property is being offered free and clear of existing debt, allowing an investor to acquire all cash or cash to new loan.
- Rare infill Glendale investment opportunity with stable cash cash flow and tremendous intrinsic value based on future redevelopment potential.
- Gold’s Gym has more than 700 locations serving more than 2 million people across six continents.
- Strong credit backed leases provide dependable cash flow.
Property Facts
Amenities
- Bus Line
- Property Manager on Site
- Security System
- Signage
- Signalized Intersection
- Skyway
- Enclosed Mall
- Air Conditioning
About 200 W BROADWAY , GLENDALE, CA 91210
Newmark Knight Frank is pleased to present a truly unique and one-of-a-kind infill investment opportunity currently leased to Dick’s Sporting Goods and Gold’s Gym (“Property”). This iconic location is part of the highly trafficked 1.6 million square foot Glendale Galleria, a Brookfield Properties owned asset that is currently the fourth largest mall in California with an astonishing 30 million visitors per year. In addition to being an extension of Glendale Galleria, the property sits adjacent to the upscale and iconic Americana at Brand, the Caruso developed masterpiece that has quickly become the premier entertainment, dining, and shopping destination of locals and tourists alike. This institutional quality asset offers investors reliable cash flow, limited management responsibility, and exceptional infill real estate. In addition, the City of Glendale is going through a residential boom with over 5,097 luxury apartment units recently completed or under construction within the downtown Glendale submarket. Glendale currently commands the highest multi-family rents in the San Gabriel Valley where occupancy is tight at 95%. Compelling investment fundamentals are certain to ensure long-term appreciation. The Property benefits from a dense and affluent consumer base of over 598,000 people with average household incomes of over $92,000 within a five mile radius. This property is strategically located at the epicenter of the urban core of Glendale making this an extremely attractive redevelopment opportunity in the future. In addition to an unparalleled location within this sub-market, the property owner is a participant and approving party under the REA for the mall which will certainly undergo a major redevelopment at some stage.
Property Taxes
| Parcel Number | 5642-001-081 | Improvements Assessment | $5,380,944 |
| Land Assessment | $8,519,832 | Total Assessment | $13,900,776 |
Property Taxes
