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Note

20% discounted real estate equity sale

Listing was updated at: 01/31/2019

Property Overview

Price/Rent PSF $ 2,590,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 20,856
Date Available 01/31/2019
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Floors 1
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Description

Location
The Property is located a few blocks east of the core Glendale downtown in the specific plan area called East Broadway. Less than half a mile to the west is the Americana at Brand, a major regional retail center and apartment project. The location is walking distance to world-class and trendy retail and to new hotels and multi-family developments. Two miles to the south is the trendy area of Atwater Village, and less than one mile to the north is the on ramp for the 134 Freeway.

The area includes national branded bank branches, quick service food and grocery stores, museums and civic center tenants. There is substantial development in this area and great opportunity for further development.

Sale
Rare opportunity in a hot market to purchase, at a generous twenty percent discount, prime real estate. Partner selling a fifty-percent-share in their fee real estate occupied by Jewel City Bowl. Current lease is month-to-month and significantly below market rent. The potential exists for an increase in rental income of up to 100%. The opportunity is best suited for value-add investors or developers given the tremendous upside of the building and land.

Location

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