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SoldFeb 16, 2023Commercial Sale
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725 South Glendale Avenue

Glendale, CA 91205
Beds0
Baths0
Square Ft.0
$4,165,000
Listed for $3,950,000 · Sold Feb 16, 2023
Listing provided by Hovik D Sarkissian, Unknown Agency

We are pleased to exclusively present this prime investment multi-tenant retail/office center located at 725 S Glendale Ave in Glendale CA 91205. 100% occupied with NNN leases with rarely any vacancies in last few years. All units are on lease except one unit which are currently on month to month basis. Low rents with… upside potential compare to going rates in nearby commercial properties. Originally 13 rentable spaces but currently unit A & B are combined and leased out to a single tenant. The property is located on a main and high traffic Glendale Ave which connects north Glendale to the south side. The subject property is within mostly single family residential and apartment buildings, lots of foot traffic and also minutes away from Americana at the Brand and Glendale Galleria. Built in 1981 on 2 parcels totaling approximately 15,000+ sqft lot, 19 parking spaces reserved for customers only, The new investor can also take over the management operations, reduce its management expenses and increase the net operating income after close of escrow.

Listing Snapshot
Days online104
Last updatedFeb 16, 2023
Property typeRetail
Beds0
Full baths0
Lot size0.35 Acres
Year built1981
MLS numberGD-22233047

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