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3935 foothill blvd

PRICE

BUILDING SIZE

GLENDALE, CA 91214

$1,700,000

4,180 SF

LOT SIZE

7,078 SF

PROFORMA

CAP RATE

PRICE/SF (BLDG)

PRICE/SF (LOT)

6.14%

$407

$207

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 3935 Foothill Boulevard, a 4,180 square foot two-story office and warehouse asset situated on 0.16 acres of land (7,078 SF), ideally located along the highly trafficked Foothill Boulevard commercial corridor in northern Glendale, CA.

3935 Foothill Boulevard will be delivered 39.2% occupied by one tenant on a month-to-month lease. This creates an immediate owner-user or value-add opportunity. A value-add investor will have the ability to reposition the property with market rate paying tenants. An owner-user buyer can occupy a portion or all of the property for their own business use.

The property is zoned CH for commercial hillside, a broad commercial zoning, with a flexible building that can accommodate a variety of uses. The site is demised into a 1,628 SF primary first floor commercial/office space and a 2,520 SF warehouse on the second floor. The warehouse is accessible via the alley in the rear and features a fully enclosed and gate secured yard area which can serve as additional storage or parking.

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 city also runs targeted economic development programs, including business retention and expansion services that assist with permits, site selection, and growth planning.

BRANDON MICHAELS
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Tel: (818) 212-2794

Fax: (818) 212-2710

16830 Ventura Blvd, Suite 100
Encino, CA 91436

© & TM 2024 Brandon Michaels Group | DNC Artistry

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