Central Offices 815 S Central Ave 15,458 SF 100% Leased Office Building Glendale, CA 91204 $6,180,000 ($399.79/SF) 3.58% Cap Rate

NAI CAPITAL IS PLEASED TO PRESENT 815 S Central Ave, an approximately 15,458 SF commercial asset on approximately 0.41 AC of land. This pride of ownership neighborhood office building is located in one of Los Angeles County’s most coveted submarkets, the city of Glendale. Situated with 132 feet of prime frontage on S Central Ave, the asset is very desirably located, with easy accessibility via the 134, 5, and 2 freeways. It is just a half mile from Glendale’s famous Americana at Brand shopping and lifestyle destination, and enjoys excellent traffic counts of +/- 26,569 vehicles per day.
The property is currently fully leased to 25 tenants on short term leases, offering maximum flexibility for a new owner user or investor who wishes to occupy or redevelop any portion of the property. The asset is comprised of a two story office/retail building, with 27 parking spaces on the adjacent private lot. It
features an attractive courtyard-style design with well appointed interiors and attractive street-facing units on the ground floor that are ideal for storefront or customer-facing office uses. A new owner-user seeking to occupy 51% or more of the usable area can qualify for SBA financing, with as little as 10%
down payment.