for sale...1111 north brand boulevard suite 200 glendale, ca 91202 stevensonrealestate.com caldre...

3115 WEST OLIVE AVENUEBURBANK, CA 91505GINO GAUDIOBROKER ASSOCIATEO: 818.956.7001 X164 C: [email protected] #00444286

1111 NORTH BRAND BOULEVARDSUITE 200

GLENDALE, CA 91202STEVENSONREALESTATE.COM

CALDRE #00983560

OFFICE BUILDINGFOR SALE

GINO GAUDIO

O: 818.956.7001 X164C: [email protected]



CALDRE #00983560

OFFERING SUMMARY

Sales Price: $2,700,000

Building Size: 4,000 SF

Lot Size: 4,142 SF

Parking: 24 Total Spaces

(2 On-Site

& 22 Shared)

Year Built: 1942

Zoning: MDC-2 Media District

Limited Commercial

Price/SF: $675.00

Owner-user opportunity. This is a very nice, intimate office building located in the prestigious Media District across thestreet from NBC Studios at West Alameda Avenue and West Olive Avenue. The building is very close to the new TalariaDevelopment project currently under construction between West Alameda Avenue and West Olive Avenue. The Talariaproject is a mixed-use residential and retail development with 241 rental units, a 42,950 square foot Whole Foods grocerystore, and 760 parking spaces on a 3.86 acre site. Property is eligible for SBA financing if Buyer occupies 51% of thebuilding within a year of close of escrow.

PROPERTY OVERVIEW

Cross street is West Alameda Avenue; north of the 134 Freeway near the Hollywood Way off-ramp.

DISCLAIMER: All information provided herein together with any projections or other data has been furnished from sourceswhich we deem reliable, but for which we assume no liability, expressed or implied. Interested parties are to conductindependent investigation and verification of all information including but not limited to condition of the property,compliance or lack of compliance with applicable governmental requirements, development potential or suitability,financial performance of the property, projected financial performance of the property, any party’s intended use or anyand all other matters.

LOCATION OVERVIEW

OFFICE BUILDING FOR SALE EXECUTIVE SUMMARY

3115 WEST OLIVE AVENUEBURBANK, CA 91505

BUILDING DETAILS

Gross Building Square Feet (per Assessor’s Information): 4,000 square feet Price: $2,700,000 Price/Gross Square Foot of Building: $675.00 per square foot Load Factor: 17% Net Rentable Square Feet: 2,955 square feet Usable Square Feet: 2,525 square feet Gross Annual Income: $98,745.00 NOI (Estimate): $81,014.00 CAP Rate (Estimate): 3.00% Suite Sizes and Tenant Terms:

LeaseSuite NRSF Usable SF Expiration Option to Extend

1&6 969 828 09/30/19 None2 157 134 Owner7 438 374 09/30/19 None

10 594 508 05/31/19 None12 185 158 09/30/19 None

111 98 84 10/31/19 None201 514 439 06/30/21 2 Year

Total 2,955 2,525

GINO GAUDIO




CALDRE #00983560

OFFICE BUILDING FOR SALE FLOOR PLAN


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CALDRE #00983560

OFFICE BUILDING FOR SALE ADDITIONAL PHOTOS


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CALDRE #00983560

OFFICE BUILDING FOR SALE AERIAL MAP


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CALDRE #00983560

OFFICE BUILDING FOR SALE PARCEL MAP


OFFICE BUILDING FOR SALE LOCATION MAP


GINO GAUDIO




CALDRE #00983560

GINO GAUDIO




CALDRE #00983560

POPULATION 1 MILE 2 MILES 3 MILES

Total population 19,381 63,907 174,903

Median age 39.3 38.8 37.1

Median age (Male) 38.2 37.6 36.4

Median age (Female) 40.5 39.8 37.6

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 9,019 27,783 77,399

# of persons per HH 2.1 2.3 2.3

Average HH income $84,508 $87,752 $81,195

Average house value $600,750 $635,177 $686,500

* Demographic data derived from 2010 US Census

OFFICE BUILDING FOR SALE DEMOGRAPHICS


for sale...1111 north brand boulevard suite 200 glendale, ca 91202 stevensonrealestate.com caldre...

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