For Sale
$4,995,000
1428 Colorado St Glendale, CA 91205
High-Yield QSR & Storefront
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 7,068-square-foot retail center in Glendale, CA, asking $4,995,000 with a 5.66% cap rate and $282,834 NOI.
- 100% occupied, multi-tenant property with a mix of internet-resistant businesses; 57% of tenants have been there for at least 11 years, and 65% for at least 6 years.
- Excellent location adjacent to a top-performing Ralphs grocery store and near other major retail centers, including Americana at Brand and Glendale Galleria.
- Situated on a high-traffic thoroughfare (Colorado Street) with over 43,000 cars daily.
- Strong daytime population with 208,675 employees within a 5-mile radius and a dense, affluent residential area with 553,512 people within a 5-mile radius having average household incomes exceeding $119,000.
- Desirable San Fernando Valley location with easy freeway access, minutes from major cities like Los Angeles, Pasadena, and Burbank.
Property Details for 1428 Colorado St
- Property type
- Retail properties, Retail space
- Year Built
- 1979
- Lot Size (sq. ft)
- 13,939 SF
Location Insight
- City
- Glendale
- County
- Los Angeles
- State
- California
- Latitude
- 34.142817007707
- Longitude
- -118.23276387017
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield QSR & Storefront
- Where is the retail property located?
- The property is located at 1428 Colorado St Glendale, CA.
- What is the asking price?
- The asking price for this property is $4,995,000.
- What are key features of this property?
- This property features: 7,068-square-foot retail center in Glendale, CA, asking $4,995,000 with a 5.66% cap rate and $282,834 NOI.; 100% occupied, multi-tenant property with a mix of internet-resistant businesses; 57% of tenants have been there for at least 11 years, and 65% for at least 6 years.; Excellent location adjacent to a top-performing Ralphs grocery store and near other major retail centers, including Americana at Brand and Glendale Galleria.
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