Listed by Coldwell Banker Commercial George Realty Alhambra
$8,680,000
The Thompson
Details
Property Type Multifamily, Office
Sub Type Executive Office, Professionals
Square Footage 21,145
Units 18
Cap Rate 4.10%
NOI $356,155
Class B
Year Built 1969
Buildings 1
Stories 2
Lot Size (SqFt) 20,077
Zoning R-2250
Multifamily | 18 Units | $482,222/unit
Marketing description
Introducing an exceptional investment opportunity in the prime Glendale area. This impressive 21,145 SF building, constructed in 1969, hosts 18 units perfectly suited for a variety of office configurations. Boasting a strategic R-2250 zoning, this property presents a wide range of potential uses. Situated in the thriving Glendale locale, this well-maintained building is primed for value appreciation and offers a solid foundation for commercial success. With its spacious layout and ideal positioning, this property is a key asset for multifamily investors seeking a lucrative addition to their portfolio.
Discover the vibrant and dynamic community surrounding the property in Glendale, CA. This highly sought-after location offers a mix of bustling commercial corridors, diverse dining options, and convenient access to green spaces like Griffith Park. The area is teeming with renowned companies, providing a strong anchor for any burgeoning business. Enjoy the proximity to popular destinations such as The Americana at Brand and Glendale Galleria for premium shopping experiences. With a thriving business scene and a wealth of amenities, the area surrounding the property in Glendale presents an enticing opportunity for Office / Office Building investors looking to establish a strong presence in this lively locale.
Listing Contacts
Listed by Coldwell Banker Commercial George Realty Alhambra
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$356,155.15
$29,679.60/mo
Valuation Metrics
0
DSCR
4.1%
Cap Rate
4.1%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
