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Vacant-User

6413 San Fernando Rd

6413 San Fernando Rd, Glendale, CA 91201

Listing Price: $1,100,000

Cap Rate
2.01%
Gross SF
1,500
Rentable SF
1,500
Price/Gross SF
$733.33
Lot Size
0.07 acres
Year Built
1927

Investment Overview

The Agnew Serling Group of Marcus and Millichap has been hired on exclusive basis to market 6413 San Fernando Road, a single tenant Retail/Office building in Glendale, near the Glendale/Burbank border. The building is approximately 1,500 square feet with a bonus 750 square feet of unpermitted building area in the rear, for a total gross square footage of 2,250 square feet, all situated on a 0.07-acre C3 1 zoned parcel. The underlying zoning permits for a wide variety of retail, office, and industrial uses. See Glendale Municipal Code for a complete list (http://qcode.us/codes/glendale/view.php?topic=30-30_12-30_12_020&frames=on). The asset boasts two gated parking spots accessible by the alley in the rear and there is ample street parking in the immediate vicinity.

This is an extremely rare opportunity for an Owner User or an Investor to acquire a small commercial building in a supply constrained market. The property is currently leased until August of 2022 with no further options to extend, allowing a new owner the ability to either occupy the entire property or reposition the asset at market rent shortly after closing. The building features an open floorplan with exposed brick and a bow truss ceiling, providing for a modern creative vibe.

The City of Glendale has been one of the most desirable destinations for owner users and new businesses in the San Fernando Valley. The incentives include no city income tax, an efficient permitting process, and no gross sales receipt tax. These incentives, coupled with SBA rates in the mid 3% range, make this the perfect opportunity to for an owner/user to take advantage of.

The property sits on the Glendale side of the Burbank/Glendale border. San Fernando Rd is one of the main thoroughfares between the two cities and the asset sits on a stretch the sees over 20,000 vehicles per day. The asset is also strategically located within close proximity to both the I-5 and 101/134 Freeways, allowing for easy accessibility across the entire San Fernando Valley. This section of Glendale boasts some of the strongest demographics of the valley with over 500,000 people living in a 5-mile radius, with an average household income exceeding $100,000.

Investment Highlights

  • Rare Single Tenant Retail/Office Building
  • Ideal for Owner User
  • Extremely Adaptable Space - Open Floorplan
  • Walk Score of 90 (Walkers Paradise) with Easy Access to Public Transportation
  • 0.5 Miles from the 5 Freeway
  • Excellent Demographics: 5-Mile Population of over 500,000, and HHI of $102,994

Exclusively Listed By

Financing By

Vacant-User

6413 San Fernando Rd

Listing Price: $1,100,000

Cap Rate
2.01%
Gross SF
1,500
Rentable SF
1,500
Price/Gross SF
$733.33
Lot Size
0.07 acres
Year Built
1927

Investment Highlights

  • Rare Single Tenant Retail/Office Building
  • Ideal for Owner User
  • Extremely Adaptable Space - Open Floorplan
  • Walk Score of 90 (Walkers Paradise) with Easy Access to Public Transportation
  • 0.5 Miles from the 5 Freeway
  • Excellent Demographics: 5-Mile Population of over 500,000, and HHI of $102,994

Investment Overview

The Agnew Serling Group of Marcus and Millichap has been hired on exclusive basis to market 6413 San Fernando Road, a single tenant Retail/Office building in Glendale, near the Glendale/Burbank border. The building is approximately 1,500 square feet with a bonus 750 square feet of unpermitted building area in the rear, for a total gross square footage of 2,250 square feet, all situated on a 0.07-acre C3 1 zoned parcel. The underlying zoning permits for a wide variety of retail, office, and industrial uses. See Glendale Municipal Code for a complete list (http://qcode.us/codes/glendale/view.php?topic=30-30_12-30_12_020&frames=on). The asset boasts two gated parking spots accessible by the alley in the rear and there is ample street parking in the immediate vicinity.

This is an extremely rare opportunity for an Owner User or an Investor to acquire a small commercial building in a supply constrained market. The property is currently leased until August of 2022 with no further options to extend, allowing a new owner the ability to either occupy the entire property or reposition the asset at market rent shortly after closing. The building features an open floorplan with exposed brick and a bow truss ceiling, providing for a modern creative vibe.

The City of Glendale has been one of the most desirable destinations for owner users and new businesses in the San Fernando Valley. The incentives include no city income tax, an efficient permitting process, and no gross sales receipt tax. These incentives, coupled with SBA rates in the mid 3% range, make this the perfect opportunity to for an owner/user to take advantage of.

The property sits on the Glendale side of the Burbank/Glendale border. San Fernando Rd is one of the main thoroughfares between the two cities and the asset sits on a stretch the sees over 20,000 vehicles per day. The asset is also strategically located within close proximity to both the I-5 and 101/134 Freeways, allowing for easy accessibility across the entire San Fernando Valley. This section of Glendale boasts some of the strongest demographics of the valley with over 500,000 people living in a 5-mile radius, with an average household income exceeding $100,000.

Exclusively Listed By

Financing By

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