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309 E. Palmer Avenue
Glendale, CA 91205

Price: $2,950,000 Zoning: GLC3*
Bldg SF: 6,973 SF Price/SF: $423
Land SF: 14,835 SF CAP Rate: 4.26%
Occupancy:  100% Property Type: Mixed-Used Retail/Apt
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Andrew Leff
(818) 212-2815
Andrew.leff@marcusmillichap.com
License # 01865688

Address: 309 E. Palmer Avenue, Glendale, CA 91205
Price: $2,950,000
Bldg SF: 6,973 SF
Land SF: 14,835 SF
CAP Rate: 4.24%
Price/SF: $423
Occupancy: 100%
Property Type: Retail/Apartment
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Andrew Leff
(818) 212-2815
Andrew.leff@marcusmillichap.com
License # 01865688

Investment Highlights

• Prime Glendale location

• Fully stabilized mixed-use asset with solid tenant mix / amazon proof retail businesses

• Building Price-Per-Foot Far Below Average for Similar Properties Sold

• 100% of Rent Collected for April & 87% of Rent Collected for May (only one tenant outstanding)

• Large corner lot nearly 15,000 sq ft with dedicated parking

• Immediate Access to the 101-Freeway, Minutes from Vermont/Santa Monica & Vermont/Beverly Metro Red Line Stations