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320 and 330 Arden Ave

2 Office Properties Offered at £11,803,440 in Glendale, CA

Investment Highlights

  • RARE BOUTIQUE NEIGHBORHOOD OFFICE BUILDINGS FOR SALE IN PREMIER LOCATION - GLENDALE, CA

Executive Summary

INVESTMENT HIGHLIGHTS
RARE BOUTIQUE NEIGHBORHOOD OFFICE BUILDINGS FOR SALE IN PREMIER LOCATION - GLENDALE, CA
* Rare opportunity for an owner/user to acquire two boutique neighborhood office buildings on Arden Avenue, one of the most desirable streets in the City of Glendale due to the quiet setting adjacent to top amenities. The two buildings sit on separate parcels, allowing for a flexible exit strategy.

* Thoughtfully designed buildings offer a welcoming creative setting with mature landscaping, outdoor patios, private balconies served by secured subterranean parking with direct elevator access to the suites.

* The pride of ownership assets have been professionally managed, continually maintained, and recently updated with new roofs, exterior paint, elevator and HVAC upgrades totaling more than $500K over the past 5 years.

STRONG MICRO-MARKET FUNDAMENTALS
* The properties sit within a highly desirable micro-market of Glendale, the stretch of Arden Avenue between North Central Avenue and North Pacific Avenue, characterized by similar boutique office buildings.

* Within this micro-market there are 34 buildings totaling 292,000 SF with an extremely low vacancy rate of 5.5% (Costar).

* Currently the only two freestanding boutique office buildings available for sale adjacent to the Glendale central business district between 10,000-30,000 SF.

EXCELLENT CBD ADJACENT NEIGHBORHOOD OFFICE LOCATION
* Quiet neighborhood office setting on prestigious Arden Avenue uniquely characterized by a very high Walk Score® of 90 due to its adjacency to a multitude of amenities on the Brand Boulevard corridor.

* Proximate to The Americana at Brand along with the Glendale Galleria, which together offer 2.5 million square feet of high-end retail, restaurants, and entertainment options. Excellent regional access central to the I-5 (Golden State), SR-2 (Glendale), SR-134 (Ventura), and I-210 (Foothill) Freeways.

Property Facts

Price £11,803,440
Price / SF £272.19 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 43,365 SF
Total Land Area 0.95 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Arden Office Building
320 Arden Ave, Glendale, CA 91203
Office 26,839 SF 1984 -
Arden Avenue 2
330 Arden Ave, Glendale, CA 91203
Office 16,526 SF 1985 -
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  • Listing ID: 32096713

  • Date on Market: 11/06/2024

  • Last Updated:

  • Address: 320 and 330 Arden Ave, Glendale, CA

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