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Multi-Tenant Retail in Downtown Glendale 240 N Brand Blvd 56,313 SF 100% Leased Retail Building Glendale, CA 91203 $20,226,000 ($359.17/SF)
INVESTMENT HIGHLIGHTS
- Iconic Destination | Americana @ Brand |Glendale Galleria
- Dense Multi-Family / Apartment Corridor
EXECUTIVE SUMMARY
SRS Capital Markets, is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in 240 N Brand Boulevard, a 100% occupied, unique, mixed-use building featuring a strong tenant lineup of Planet Fitness, Goodwill, and Glendale Career College. Planet Fitness recently signed a brand new 15 year lease with scheduled rental increases and options to extend, demonstrating their commitment to the site.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
56,313 SF
Building Class
C
Year Built/Renovated
1959/1970
Price
$20,226,000
Price Per SF
$359.17
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
2.75
Lot Size
0.47 AC
Zoning
GLC3YY
Parking
20 Spaces (0.36 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Security System
- Signage
- Signalized Intersection
- Air Conditioning
Walk Score®
Walker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $12,303,515 | |
| Land Assessment | $12,303,515 | Total Assessment | $24,607,030 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$12,303,515
Improvements Assessment
$12,303,515
Total Assessment
$24,607,030
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Multi-Tenant Retail in Downtown Glendale | 240 N Brand Blvd
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