315 Arden Ave - Office FOR SALE


Glendale, CA 91203
$10,550,000 USD
714-204-2989
315 Arden Ave, Glendale, CA for Sale
$10,550,000 USD
Office - FOR SALE
1/18
null | Request Cap Rate

315 Arden Ave
Glendale, CA 91203


HIGHLIGHTS

  • Prime Glendale location with plenty of upside potential
  • Majority of tenants are in medical or healthcare related services
  • Several month to month tenants allowing owner/user options and 10% down payment SBA Loans

OVERVIEW

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 experienced investor to come in and update/renovate and convert to NNN 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 30% 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.

FOR SALE DETAILS

PRICE

$10,550,000 USD

PRICE/SF

$382 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Arden Square Office Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

C3-2, Glendale

APN/PARCEL ID

5636-012-065

ASK ABOUT THIS PROPERTY

Mark WongCal Mutual IncMore Info
714-204-2989

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Mark WongCal Mutual IncMore Info
714-204-2989

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.