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- LoopNet Team
4250 Pennsylvania Ave
La Crescenta, CA 91214
Office Property For Sale
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Signage
- Accent Lighting
- Central Heating
- Natural Light
- Drop Ceiling
- Hardwood Floors
- Air Conditioning
ABOUT 4250 PENNSYLVANIA AVE , LA CRESCENTA, CA 91214
* Under-Market Rents. Within a 3-mile radius survey, and within a sample set of 175 existing buildings, the Gross Rent per SF within the s area is $26.13. The Subject Property’s current average rent is $21.87, signifying a near 20% rent growth opportunity at existing rents. * Extremely Low Vacancy Rate. Within the same survey area, the vacancy rate is at an astonishingly low 2.7% within 1,055,000 square feet of office space. * High Barriers of Entry. In 2017 and within the same sample set, the average sales price per square foot was $507 and a 5-year average was $348. The Subject Property’s list price is $377, putting this opportunity well below last year price per square foot averages. * No New Construction. With zero “under construction” office product and nearly no additional office supply built in the past 5-years the survey area is poised to undergo additional vacancy compression as market fundamentals continue to point towards growth.
PROPERTY TAXES
| Parcel Number | 5801-005-064 | Improvements Assessment | $1,657,314 |
| Land Assessment | $2,249,212 | Total Assessment | $3,906,526 |
PROPERTY TAXES
