Wednesday, August 5, 2009

Glendale Shopping Center For Sale $3,599,000


Building Size: 20,468 SF
Price/SF: $175,84

Property Type: Shopping Center
Property Sub-type: Strip Center
Additional Sub-types: Economy/ Limited Service
Office Building
Strip Center

Property Use Type: Net Lease Investment with 5 years left on lease
Construction Status: Existing

Cap Rate: 6.24 %
Occupancy: 100 %
Tenancy: Multiple

  • $224,670

Description

Rare opportunity to purchase a 100% leased building in the heart of downtown.

Hotel tenant will consider selling the business.

Price is below replacement cost.

Centered in the heart of Downtown Glendale, adjacent to corporate high-rise office buildings. Tremendous foot traffic and exposure. Huge Daytime Population. Rare Opportunity!


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