3601 N Verdugo Rd - Storefront Retail/Office FOR SALE


Glendale, CA 91208
$3,150,000 USD
818-697-9387
3601 N Verdugo Rd, Glendale, CA for Sale
$3,150,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 4.73% Cap Rate

3601 N Verdugo Rd
Glendale, CA 91208


HIGHLIGHTS

  • Multiple Use property including Retail, Office, and Warehouse
  • Strategically located on the signalized corner of N Verdugo Blvd. and Broadview Drive.
  • In place rental income from existing tenants with flexible lease terms
  • Nestled in the Montrose Shopping Park district, a thriving area featuring nearly 250 businesses and over 7,000 households within a 1 mile radius
  • The property has a conveniently accessible parking lot with 15 regular parking spaces and 2 tandem parking spaces
  • Well-connected via major freeways including the I-210 and State Route 2 ("Glendale Freeway")

OVERVIEW

illi Commercial Real Estate is pleased to present 3601-3609 North Verdugo Road and 1913-1917 Broadview Avenue, a generational asset located in North Glendale, just steps away from the Montrose Shopping Park district. The property consists of three separate buildings, totaling approximately 6,371 square feet, on a 12,478 square foot corner parcel on a signalized intersection. Benefiting from historically high occupancy, the project has been an excellent family operated investment for many years. With long-term tenants who currently have short-term leases in place, an investor can benefit from a flexible future for the asset. One may negotiate new terms with existing tenants, replace tenants with new higher paying operators, occupy all or a portion of the project for onesself, or possibly consider a full redevelopment of the land. Don’t miss this opportunity to own a prime piece of a thriving Los Angeles suburb.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$494 USD /SF

CAP RATE

4.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

For Sale: Multi-Tenant Property in Glendale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Warehouse, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,438 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Greg Offsayilli Commercial Real EstateMore Info
818-697-9387

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Greg Offsayilli Commercial Real EstateMore Info
818-697-9387

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