725 S Glendale Avenue, Glendale, CA 91205
Commercial property
Sold February 2023
Listing Agent: Hovik Sarkissian (DRE #01137922) · Listing Office: Providence Real Estate · Contact: 818-265-1555 · Bought with: Rafi Ekmekian · eXp Realty of California Inc · MLS #GD22233047 · Source: CRMLS
About this commercial property
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 description from the February 2023 sale, as reported to CRMLS.
Sale history