Arden Square Office Bldg 315 Arden Ave 27,651 SF 76% Leased Office Building Glendale, CA 91203 $9,900,000 ($358.03/SF) 5.73% Cap Rate

We are pleased to offer 315 Arden Avenue. Located in the heart of Glendale, this 2-story office building is approximately 27,651 sf featuring an interior courtyard with fountain, ample parking lot space, controlled access off a quiet street and exterior corridors.
The Arden Square office building is minutes from the I-5, the SR-2, two blocks north of SR-134 and immediately west of Central Ave, which is walking distance to many restaurants and cafes on Brand Blvd.
Within Glendale's premier downtown office area, this property offers easy access to three freeways, restaurants, banks, and office services. There is individual office access off an attractive interior courtyard with fountain and mature landscaping and is both stairway and elevator serviced. Directory signage available at the main entrance as well as tenant signage for each suite.
There are currently 21 units with 3 vacancies and a handful of month to month and soon to be expired leases. This allows for a new owner to be flexible and potentially occupy the property with their own business OR rent out the empty units as they see fit. There is strong upside in the property for an investor to come in to update/renovate and convert to NN (6.8% proforma) or NNN (8% proforma)tenancy for stronger return on income. If you are potentially looking to move your business into parts of this building please inquire about our lending options that require only 10% down and 50% owner occupancy!
The Seller is highly motivated, paying for buyer's agent commission, and open to offers as long he has time to locate another property for a 1031. Don't pass up this absolute gem of an opportunity to own in a prime Glendale location, with views of the mountains, abundant upside and the convenience of many retail services and restaurants in the neighborhood! Contact us for Rent Rolls and operating statements.