1601-1605 victory blvd
GLENDALE, CA 91201
PRICE
$1,950,000
BUILDING SIZE
3,871 SF
LOT SIZE
5,102 SF
PROFORMA
CAP RATE
5.54%
PRICE/SF (BLDG)
PRICE/SF
(LAND)
$504
$382
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 1601 Victory Boulevard, a 3,871 square foot two-story office and warehouse compound situated on 0.12 acres of land (5,102 SF), ideally located at the N corner of Victory Boulevard and Justin Avenue in Glendale, CA.
1601 Victory Boulevard will be delivered vacant, creating an immediate owner-user or value-add opportunity. A value-add investor will have the ability to reposition the property with a market rate paying tenant. An owner-user buyer can occupy the property for their own business use.
Owner-users and potential tenants can take advantage of Glendale’s cost-effective tax structure for businesses. With no gross receipts tax, unlike the City of Los Angeles, it uses a flat-rate business license fee based on employee count or business category.
The property is zoned C-3, a broad commercial zoning, with a flexible building that can accommodate a variety of uses. The site is demised into a 2,517 SF primary 1st floor commercial/office space, a 663 SF warehouse in the rear, and a small 510 SF private office space on the second floor.