Grandview Campus 2 Office Properties in Glendale, CA

Newmark is pleased to present the opportunity to acquire 1011 & 1015 Grandview Avenue, Glendale, California (the “Buildings,” “Property,” or “Grandview Campus”). Grandview Campus is a fully secured, approximately 3.6-acre, 107,024-square-foot low-rise research & development (R&D) campus comprised of one Class A office building, a manufacturing building that has been thoughtfully converted to creative office, and a parking structure, strategically positioned in the heart of Los Angeles’ media and entertainment corridor and also proximate to Caltech, one of the strongest institutions globally for science, engineering, and R&D.
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The renovated Property benefits from heavy power, flexible zoning, and above-market ceiling heights that accommodates a diverse range of potential uses, including research and development, warehousing, light manufacturing, educational facilities office, broadcasting studios, retail, and medical and dental offices. The Property is being offered on a fee simple basis, free and clear of existing financing, and on an “as-is, where-is” basis.
In addition to being an ideal owner/user opportunity, Grandview Campus is a phenomenal land opportunity in the City of Glendale: ±3.6 acres under SFMU (Commercial/Residential Mixed Use) zoning, allows up to 126 dwelling units (35 units/acre), or 252 units (70 units/acre) with a 100% state density bonus. No minimum density also makes it well suited to low-density SFR. The site also includes an existing parking structure with 438 parking spaces that can be utilized by a future development, helping offset construction costs.