Rare Industrial Campus 6 Industrial Properties in Glendale, CA
EXECUTIVE SUMMARY
MULTI-TENANT CAMPUS WITH DEVELOPMENT OPPORTUNITY
CURRENT SITE:
Three (3) tenants occupying a total of six (6) industrial buildings totaling approximately 66,841 SQ FT.
440-448 W. Cypress St. approximately 43,127 SF.
APN # 5640-019-035, 036, 037
1275-1295 Los Angeles St. approximately 23,714 SQ FT.
APN # 5640-003-002, 003
All buildings situated on approximately 126,094 SQ FT of land area zoned.
Zoning: IMU-R (440-448 W. Cypress St.) and IND (1275-1295 Los Angeles St.)
440-448 W. Cypress St.
| 1295-1295(A)
Los Angeles St
: Tenant lease through July 31, 2028.
AIR-CRE single tenant net lease with scheduled monthly rent of $64,000.00 per month ($768,000.00 Annual).
Lessor termination option from and after April 1, 2025 with nine (9) month prior written notice.
1275 Los Angeles Street:
Tenant Lease through March 31, 2028.
AIR-CRE single tenant net lease with scheduled monthly base rent of $15,832.60per month ($189,991.20 Annual).
Lessor termination option from and after April 1, 2025 with nine (9) month prior written notice.
1291 Los Angeles St.
: Tenant lease through April 30, 2025.
AIR-CRE multi-tenant gross lease with scheduled monthly base rent of $3,255.00 per month ($39,060.00 Annual)
; with rental increase to $3,420.00 per month on May 1, 2024. Tenant does not have option to extend under the lease.
CURRENT SITE:
Three (3) tenants occupying a total of six (6) industrial buildings totaling approximately 66,841 SQ FT.
440-448 W. Cypress St. approximately 43,127 SF.
APN # 5640-019-035, 036, 037
1275-1295 Los Angeles St. approximately 23,714 SQ FT.
APN # 5640-003-002, 003
All buildings situated on approximately 126,094 SQ FT of land area zoned.
Zoning: IMU-R (440-448 W. Cypress St.) and IND (1275-1295 Los Angeles St.)
440-448 W. Cypress St.
| 1295-1295(A)
Los Angeles St
: Tenant lease through July 31, 2028.
AIR-CRE single tenant net lease with scheduled monthly rent of $64,000.00 per month ($768,000.00 Annual).
Lessor termination option from and after April 1, 2025 with nine (9) month prior written notice.
1275 Los Angeles Street:
Tenant Lease through March 31, 2028.
AIR-CRE single tenant net lease with scheduled monthly base rent of $15,832.60per month ($189,991.20 Annual).
Lessor termination option from and after April 1, 2025 with nine (9) month prior written notice.
1291 Los Angeles St.
: Tenant lease through April 30, 2025.
AIR-CRE multi-tenant gross lease with scheduled monthly base rent of $3,255.00 per month ($39,060.00 Annual)
; with rental increase to $3,420.00 per month on May 1, 2024. Tenant does not have option to extend under the lease.
PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 64,916 SF |
| Total Land Area | 2.94 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1275 Los Angeles St, Glendale, CA 91204 | Industrial | 10,800 SF | 1985 | - |
| 448 Fernando Ct, Glendale, CA 91204 | Industrial | 18,000 SF | 1908 | - |
| 444 W Cypress St, Glendale, CA 91204 | Industrial | 20,000 SF | 1968 | - |
| 440 W Cypress St, Glendale, CA 91204 | Industrial | 5,116 SF | 1987 | - |
| 1291-1295 Los Angeles St, Glendale, CA 91204 | Industrial | 8,000 SF | 1952 | - |
| 1295 A Los Angeles St, Glendale, CA 91204 | Industrial | 3,000 SF | 1952 | - |
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