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425 W Broadway
Glendale, CA 91204
Broadway Plaza · Bureau Propriété À vendre
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Faits saillants de l'investissement
- Click link to download Offering Memorandum: https://bit.ly/425broadwayIN
- Business Friendly & Amenity-Rich Location with Strong Regional Access
- Best-In-Class Institutional Office with Diverse Tenant Mix Anchored by Major Insurance Agency
Résumé de l'annonce
Best-In-Class Institutional Office with Diverse Tenant Mix Anchored by Major Insurance Agency
* 100% leased to a diverse mix of 17 tenants across healthcare, insurance, government, and financial service tenants with a weighted average lease term of 4.49 years.
* Recent renewal by anchor tenant, Acrisure (25.51%) until 2032 cements their long-term commitment to the property with over 26 years of tenancy at the project.
* Since 2018, ownership has invested over $3 million in capital and tenant improvements throughout the property including:
• Lobby modernization
• HVAC upgrades
• Lighting upgrades
• Restroom & interior improvements
• Landscaping upgrades
Business Friendly & Amenity-Rich Location with Strong Regional Access
* Glendale is among the region’s most business-friendly cities, the third largest city in Los Angeles County. The city has a lower cost of doing business in comparison to Pasadena, Burbank and Los Angeles with lower property taxes, lower transient occupancy taxes, lower utility user taxes, no parking tax and no gross receipts tax.
* Regional Access – This asset maintains a strategically prominent position in the office market given its centralized location access to the I-5 (Golden State) Freeway, SR-2 (Glendale) Freeway, SR-134 (Ventura) Freeway and 210 (Foothill) Freeway.
* 100% leased to a diverse mix of 17 tenants across healthcare, insurance, government, and financial service tenants with a weighted average lease term of 4.49 years.
* Recent renewal by anchor tenant, Acrisure (25.51%) until 2032 cements their long-term commitment to the property with over 26 years of tenancy at the project.
* Since 2018, ownership has invested over $3 million in capital and tenant improvements throughout the property including:
• Lobby modernization
• HVAC upgrades
• Lighting upgrades
• Restroom & interior improvements
• Landscaping upgrades
Business Friendly & Amenity-Rich Location with Strong Regional Access
* Glendale is among the region’s most business-friendly cities, the third largest city in Los Angeles County. The city has a lower cost of doing business in comparison to Pasadena, Burbank and Los Angeles with lower property taxes, lower transient occupancy taxes, lower utility user taxes, no parking tax and no gross receipts tax.
* Regional Access – This asset maintains a strategically prominent position in the office market given its centralized location access to the I-5 (Golden State) Freeway, SR-2 (Glendale) Freeway, SR-134 (Ventura) Freeway and 210 (Foothill) Freeway.
Faits sur la propriété
Type de vente
Investissement
Condition de vente
Vente à découvert
Type de propriété
Taille du bâtiment
72 611 pi²
Classe d’immeuble
A
Tarification de LoopNet
4 Étoiles
Année de construction
1984
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
4 étages
Superficie de plancher typique
18 153 pi²
Coefficient d’occupation des sols de l’immeuble
1,37
Taille du lot
1,22 AC
Zonage
SFMU - Commerciale générale
Stationnement
184 places (1 places par 1 000 pi² loué)
Commodités
- Ligne d'autobus
- Gestionnaire d'immeuble sur place
- Affichage
- Station de recharge de voiture
Impôts fonciers
| Numéro de lot | 5637-015-055 | Évaluation des bâtiments | 18 036 757 $ CAD |
| Évaluation du terrain | 12 280 345 $ CAD | Évaluation totale | 30 317 102 $ CAD |
Impôts fonciers
Numéro de lot
5637-015-055
Évaluation du terrain
12 280 345 $ CAD
Évaluation des bâtiments
18 036 757 $ CAD
Évaluation totale
30 317 102 $ CAD
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