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Office Warehouse

±7,341 SF Flex Warehouse

517 Commercial St, Glendale, CA 91203

Listing Price: $2,850,000

Cap Rate
3.37%
Gross SF
7,341
Price/Gross SF
$388.23
Lot Size
0.22 acres
Year Built
1947
Rentable SF
7,341

Investment Overview

This sale offers the opportunity to purchase a 7,341 SF flex warehouse in the city of Glendale, CA. The property is in a desirable, freeway-adjacent location and is suitable for investors and owner/users alike. The subject property, located at 517 Commercial Street, consists of a single parcel for a total of 9,629 square feet of land. The property has been improved with an industrial warehouse that has 7,341 square feet of rentable building area. The building is currently configured for multi-tenant use and is occupied by nine tenants, all of whom have short term agreements. The tenant base has a diverse group of uses – industrial, office, studio and more. A new owner will have numerous options regarding occupancy and/or space usage. Built in 1947, the building is of concrete block construction and has a clear height of 12-14’. There is a single ground-level door that provides access to the main warehouse area. The property has 4 onsite parking stalls. Utilities to the site include water, sewer and electricity. Electrical service is by way of a single panel: 200A, 240V 3Ph. Additionally, the property has a solar electrical system. Located on Commercial Street, adjacent to the 5 freeway/134 freeway junction, the subject property is in a central location that offers quick access to numerous studios, Downtown Los Angeles, the San Gabriel Foothills and more. The site is only 400’ from a freeway onramp/offramp and provides convenient access to the freeway network. Zoning on the site is GAM2, which is an industrial zoning designation that permits for numerous uses. 517 Commercial Street offers the opportunity to purchase a functional flex facility in a desirable, freeway-convenient location. The property has attributes that provide for functionality and attractive underlying value, and is suitable for investors and owner/users alike.

Investment Highlights

  • ±7,341 SF Flex Warehouse
  • Desirable, Glendale Location
  • 400' from a Freeway Onramp/Offramp
  • Consisting of a Mix of Industrial and Office Space
  • Numerous Options for Occupancy/Usage
  • Suitable for Investors and Owner/Users

Exclusively Listed By

Office Warehouse

±7,341 SF Flex Warehouse

Listing Price: $2,850,000

Cap Rate
3.37%
Gross SF
7,341
Price/Gross SF
$388.23
Lot Size
0.22 acres
Year Built
1947
Rentable SF
7,341

Investment Highlights

  • ±7,341 SF Flex Warehouse
  • Desirable, Glendale Location
  • 400' from a Freeway Onramp/Offramp
  • Consisting of a Mix of Industrial and Office Space
  • Numerous Options for Occupancy/Usage
  • Suitable for Investors and Owner/Users

Investment Overview

This sale offers the opportunity to purchase a 7,341 SF flex warehouse in the city of Glendale, CA. The property is in a desirable, freeway-adjacent location and is suitable for investors and owner/users alike. The subject property, located at 517 Commercial Street, consists of a single parcel for a total of 9,629 square feet of land. The property has been improved with an industrial warehouse that has 7,341 square feet of rentable building area. The building is currently configured for multi-tenant use and is occupied by nine tenants, all of whom have short term agreements. The tenant base has a diverse group of uses – industrial, office, studio and more. A new owner will have numerous options regarding occupancy and/or space usage. Built in 1947, the building is of concrete block construction and has a clear height of 12-14’. There is a single ground-level door that provides access to the main warehouse area. The property has 4 onsite parking stalls. Utilities to the site include water, sewer and electricity. Electrical service is by way of a single panel: 200A, 240V 3Ph. Additionally, the property has a solar electrical system. Located on Commercial Street, adjacent to the 5 freeway/134 freeway junction, the subject property is in a central location that offers quick access to numerous studios, Downtown Los Angeles, the San Gabriel Foothills and more. The site is only 400’ from a freeway onramp/offramp and provides convenient access to the freeway network. Zoning on the site is GAM2, which is an industrial zoning designation that permits for numerous uses. 517 Commercial Street offers the opportunity to purchase a functional flex facility in a desirable, freeway-convenient location. The property has attributes that provide for functionality and attractive underlying value, and is suitable for investors and owner/users alike.

Exclusively Listed By

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