3937 foothill blvd
PRICE
BUILDING SIZE
GLENDALE, CA 91214
$1,700,000
4,800 SF
LOT SIZE
7,181 SF
PROFORMA
CAP RATE
PRICE/SF (BLDG)
PRICE/SF (LOT)
7.13%
$354
$237
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 3937 Foothill Boulevard, a 4,800 square foot single tenant flex/warehouse property situated on 0.16 acres of land (7,181 SF), ideally located along the highly trafficked Foothill Boulevard commercial corridor in northern Glendale, CA.
3937 Foothill Boulevard will be delivered vacant. This creates 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.
The property is zoned CH for commercial hillside, a broad commercial zoning, with a flexible building that can accommodate a variety of uses. The property is made up of a single storefront commercial/warehouse unit and a rear parking area with eight (8) surface parking space, a ratio of 1.67 spaces per 1,000 SF, accessible via the rear alley.
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.