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Office Vacant-User

1838-1842 Flower St

1838 Flower St, Glendale, CA 91201

Listing Price: $7,250,000

Cap Rate
1.00%
Rentable SF
12,867
Lot Size
0.72 acres
Year Built
1955

Investment Overview

Marcus & Millichap is pleased to present an approximately 12,867 square-foot creative ?ex property located in prime Glendale, CA. This currently celebrity owned, one-of-a-kind, state-of-the-art sound studio & showroom was built out to house a world class automotive collection and the #1 Daily Downloaded Podcast operation in the world. The space was completely renovated in 2013 including roof, ?ooring, custom paint, insulation & ducting, several sound studios & of?ces, lighting, and much more. The entire building is air-conditioned, ?re-sprinklered, insulation HVAC and ducting, and is serviced by hard-wired CAT 6 ethernet cables. In 2022 Ownership received a parking variance approval from the City of Glendale helping push efforts towards a change of use approval to full creative of?ce/broadcast studio. These accommodations make 1838-1842 Flower Street perfect for creative or entertainment related uses, or any high pro?le/high-net-worth individuals in need of creative warehouse plus of?ce space. Located in Glendale, on the Burbank border, the property is ideally situated within minutes of Disney, DreamWorks Animation, Warner Bros., and NBC Studios, among others. Furthermore, its location allows it to bene?t from the city’s robust economy and high pro?le companies. Spaces rented by those in the entertainment industry are among the highest of?ce lease rates in the region. 1838-1842 Flower Street also bene?ts from easy access to the 1-5 and 134 Freeways, and excellent local public transportation. Glendale offers its own bus services; the Beeline, with 13 routes, connecting customers to Jet Propulsion Laboratory (JPL), the City of Burbank, and the Metrolink Stations in both Burbank and Glendale.

Investment Highlights

  • Beautifully Built-Out Creative Flex Space
  • One-of-a-Kind Pride of Ownership Building
  • New, Clean Phase II - Completed in February 2022
  • Meticulously Maintained, and Renovated in 2013 with Roof, Flooring, Paint, Lighting, Sprinkler-System, Ducting, and HVAC
  • Secured Lot with Ample Parking
  • Brand New Parking Variance Approval from City of Glendale (Contact Agent for Approval Letter)
  • Perfect for Creative Of?ce, Entertainment, Sound Studio, Production House, Car Showroom, or High End Automotive Related Uses
  • Ideal for an Owner-User Looking to Occupy, and/or Divide for Investment Purposes

Exclusively Listed By

Financing By

Office Vacant-User

1838-1842 Flower St

Listing Price: $7,250,000

Cap Rate
1.00%
Rentable SF
12,867
Lot Size
0.72 acres
Year Built
1955

Investment Highlights

  • Beautifully Built-Out Creative Flex Space
  • One-of-a-Kind Pride of Ownership Building
  • New, Clean Phase II - Completed in February 2022
  • Meticulously Maintained, and Renovated in 2013 with Roof, Flooring, Paint, Lighting, Sprinkler-System, Ducting, and HVAC
  • Secured Lot with Ample Parking
  • Brand New Parking Variance Approval from City of Glendale (Contact Agent for Approval Letter)
  • Perfect for Creative Of?ce, Entertainment, Sound Studio, Production House, Car Showroom, or High End Automotive Related Uses
  • Ideal for an Owner-User Looking to Occupy, and/or Divide for Investment Purposes

Investment Overview

Marcus & Millichap is pleased to present an approximately 12,867 square-foot creative ?ex property located in prime Glendale, CA. This currently celebrity owned, one-of-a-kind, state-of-the-art sound studio & showroom was built out to house a world class automotive collection and the #1 Daily Downloaded Podcast operation in the world. The space was completely renovated in 2013 including roof, ?ooring, custom paint, insulation & ducting, several sound studios & of?ces, lighting, and much more. The entire building is air-conditioned, ?re-sprinklered, insulation HVAC and ducting, and is serviced by hard-wired CAT 6 ethernet cables. In 2022 Ownership received a parking variance approval from the City of Glendale helping push efforts towards a change of use approval to full creative of?ce/broadcast studio. These accommodations make 1838-1842 Flower Street perfect for creative or entertainment related uses, or any high pro?le/high-net-worth individuals in need of creative warehouse plus of?ce space. Located in Glendale, on the Burbank border, the property is ideally situated within minutes of Disney, DreamWorks Animation, Warner Bros., and NBC Studios, among others. Furthermore, its location allows it to bene?t from the city’s robust economy and high pro?le companies. Spaces rented by those in the entertainment industry are among the highest of?ce lease rates in the region. 1838-1842 Flower Street also bene?ts from easy access to the 1-5 and 134 Freeways, and excellent local public transportation. Glendale offers its own bus services; the Beeline, with 13 routes, connecting customers to Jet Propulsion Laboratory (JPL), the City of Burbank, and the Metrolink Stations in both Burbank and Glendale.

Exclusively Listed By

Financing By

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