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Office Warehouse

111 & 127 Concord St

127 Concord St, Glendale, CA 91203

Listing Price: $6,975,000

Cap Rate
4.13%
Gross SF
23,100
Price/Gross SF
$301.95
Lot Size
0.49 acres
Year Built
1950
Rentable SF
23,100

Investment Overview

Marcus & Millichap is pleased to present a rare industrial/flex portfolio in the highly sought-after Glendale Submarket. Located at 111 & 127 Concord Street, on the signalized intersection of W Wilson Ave & Concord Street, the offering consists of two buildings totaling approximately 23,100 square feet (per assessors record & certificate of occupancy) situated on three parcels of Industrial Mixed-Use (IMU) zoned land (0.49 acres).

127 Concord is a two-story, approximate 22,000 square foot, industrial/flex building. Built in 1950, the building is brick construction on a poured concrete foundation/slab with a built-up flat roof. Additional building specs include: Two (2) Dock High Level Loading Doors & One (1) Ground Level Loading Door, up to 17.5-foot clear height, 1,200AMP/3P Power, and a bonus, approximately 3,283 square feet of mezzanine not factored in the total building size.

111 Concord is a single-story, approximate 1,100 square foot, industrial building. Built in 1925, this building is also brick construction on a poured concrete foundation/slab. The subject property has tandem parking that can fit approximately fourteen (12) cars (or 0.52 per 1,000 SF) and there is additional street parking all throughout the immediate neighborhood (see page 20 of marketing package for parking map).

The buildings are conveniently located just a half mile from the 134/101 Freeway and a mile from the I-Freeway on/off ramps allowing easy access to all of Los Angeles Freeway System. Downtown Glendale and The Americana at Brand are also within a proximity providing World-Class Retail, Restaurants, Entertainment and Residences within walking distance.

The buildings are currently 100% occupied by a Printing Business but will be vacated by the close of escrow. This is a prime opportunity for an owner/user to secure historically low SBA financing with as little as 10% down and control their occupancy costs in a tight market. Alternatively, an investor has the ability to secure an investment in a stable infill industrial sub-market that has seen continued high demand. The current market vacancy factor is at 2% with 5.4% year over year annual rent growth.

Investment Highlights

  • Rare Industrial/Flex Building Portfolio in the Highly Desirable Glendale Submarket
  • Owner/User or Investment Opportunity - Delivered Vacant at COE
  • Versatile Zoning - Industrial Commercial Mixed-Use (IMU)
  • Bonus ~3,283 SF of Mezzanine Not Included in Building SF
  • Dock High & Ground Level Loading
  • 17.5 Max Clear Height | 1200 Amp 3Phase Power

Exclusively Listed By

Financing By

Office Warehouse

111 & 127 Concord St

Listing Price: $6,975,000

Cap Rate
4.13%
Gross SF
23,100
Price/Gross SF
$301.95
Lot Size
0.49 acres
Year Built
1950
Rentable SF
23,100

Investment Highlights

  • Rare Industrial/Flex Building Portfolio in the Highly Desirable Glendale Submarket
  • Owner/User or Investment Opportunity - Delivered Vacant at COE
  • Versatile Zoning - Industrial Commercial Mixed-Use (IMU)
  • Bonus ~3,283 SF of Mezzanine Not Included in Building SF
  • Dock High & Ground Level Loading
  • 17.5 Max Clear Height | 1200 Amp 3Phase Power

Investment Overview

Marcus & Millichap is pleased to present a rare industrial/flex portfolio in the highly sought-after Glendale Submarket. Located at 111 & 127 Concord Street, on the signalized intersection of W Wilson Ave & Concord Street, the offering consists of two buildings totaling approximately 23,100 square feet (per assessors record & certificate of occupancy) situated on three parcels of Industrial Mixed-Use (IMU) zoned land (0.49 acres).

127 Concord is a two-story, approximate 22,000 square foot, industrial/flex building. Built in 1950, the building is brick construction on a poured concrete foundation/slab with a built-up flat roof. Additional building specs include: Two (2) Dock High Level Loading Doors & One (1) Ground Level Loading Door, up to 17.5-foot clear height, 1,200AMP/3P Power, and a bonus, approximately 3,283 square feet of mezzanine not factored in the total building size.

111 Concord is a single-story, approximate 1,100 square foot, industrial building. Built in 1925, this building is also brick construction on a poured concrete foundation/slab. The subject property has tandem parking that can fit approximately fourteen (12) cars (or 0.52 per 1,000 SF) and there is additional street parking all throughout the immediate neighborhood (see page 20 of marketing package for parking map).

The buildings are conveniently located just a half mile from the 134/101 Freeway and a mile from the I-Freeway on/off ramps allowing easy access to all of Los Angeles Freeway System. Downtown Glendale and The Americana at Brand are also within a proximity providing World-Class Retail, Restaurants, Entertainment and Residences within walking distance.

The buildings are currently 100% occupied by a Printing Business but will be vacated by the close of escrow. This is a prime opportunity for an owner/user to secure historically low SBA financing with as little as 10% down and control their occupancy costs in a tight market. Alternatively, an investor has the ability to secure an investment in a stable infill industrial sub-market that has seen continued high demand. The current market vacancy factor is at 2% with 5.4% year over year annual rent growth.

Exclusively Listed By

Financing By

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