Great 6-unit commercial retail center located in the highly desirable Glendale market. Just off the Glendale Hwy. 2 and South of Hwy. 134. For sale AFTER 20 years! The center has excellent accessibility close to the signalized intersection of Verdugo Rd. and Colorado St with high traffic counts. Zoning per title is GLCM. Currently, all six units are occupied but tenant in Unit D (Dominos Pizza) is on notice and scheduled to move out on Nov. 30th, 2021. Unit D will be delivered vacant while all the rest will be delivered with current tenants in place at close of escrow. Great current income with upside potential, and low expenses. Sold "As Is" and "Where Is". Buyer to conduct their own due diligence.
*********Email queries/offers to SALES@IAGPM.COM.*********. Sold AS IS and WHERE IS. Buyer to conduct their own investigations. Drive by. Please do not disturb tenants.
| Property Highlights |
| Street |
1428 E Colorado St.
|
| City |
Glendale
|
| State |
CA
|
| Zip |
91205
|
| Status |
Sold
|
| Property Type |
Commercial
|
| Asking Price |
$3,495,000
|
| Sold Price |
$3,475,000
|
| Year Built |
1979
|
| Building Sq Ft |
7,048
|
| Number of units |
6
|
| CAP Rate |
4.34
|
| GRM |
14.14
|
| Broker Name |
Vinny Jain
|
| Telephone |
(310) 207-2288
|
| Email |
sales@ingeniousassetgroup.com
|
| Brochure file |
 1428 E Colorado St_Property Analyses.pdf
|
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