Listing Agency: CBRE

Listed By: Kyle Barratt · License #01900653 Show Phone

Source: Cbre

Added: Aug 10 Changed: Oct 4 Last Checked: Oct 7 at 9:41AM

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Investment Insights

Based on property information with market context.

This flex space offering includes three adjoining, single-story buildings with approximately 11,378 square feet of total area. The improvements occupy approximately 0.73 acres across six parcels and will be delivered 100% vacant at closing, allowing an owner-user to occupy the property or reposition the units for lease. The buildings are being conveyed in as-is, where-is condition.

Located at 6246 San Fernando Road in Glendale, California, the property sits along the north side of San Fernando Road. A tower on the site is excluded from the sale and will remain under separate ownership, with recorded access easements in place.

Key Highlights

• Three contiguous single‑story buildings totaling approximately 11,378 square feet
• Approximately 0.73 acres spanning six parcels
• Delivered 100% vacant at close of escrow

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$120,964

Cap Rate

3.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,419,280 $2.4M

Cap Rate 7%

$1,728,057 $1.7M

Cap Rate 9%

$1,344,044 $1.3M

Market Conditions

NOI Build-Up for 11,378 SF

Gross rent

$198.0K $17.40/SF

− Vacancy

−$11.9K −$1.04/SF

EGI

$186.1K $16.36/SF

− OpEx

−$65.1K −$5.72/SF

NOI

$121.0K $10.63/SF

Area

Glendale, CA

Vacancy

6.00%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,419,280

Cap Rate 7%

$1,728,057

Cap Rate 9%

$1,344,044

Alternative Uses

Best Use

Flex RnD

$1.73M

$1.51M – $2.02M (±1% cap)

NOI $120,964 @ 7.0% cap · market cap 3.46%

Second Best

Industrial

$1.66M

$1.45M – $1.94M (±1% cap)

NOI $116,172 @ 7.0% cap · market cap 3.32%

Theoretical Best

Specialty Retail

$6.84M

$5.99M – $7.98M (±1% cap)

NOI $479,011 @ 7.0% cap · market cap 13.69%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

All Budget Doors ... General Contractor Spectrum Telecommunications Service

Suggested Use

Top Pick Dental Office Law Firm Furniture & Home Goods (Bike/Boat/Book/etc) Store Auto Parts Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,891

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 91201, CA

22,608

Population

8,570

Households

2.6

Avg Household Size

43

Median Age

34%

College-Educated

86%

High-School Grad

2.4 sq mi

ZIP Area

9,420

Density / Sq Mi

$74,980

Median Household Income

$44,444

Median Earnings

$2,034

Median Rent

$1,060,500

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Flex space - Delivered vacant, the property supports immediate occupancy or a future leasing program.

Where is this flex space located?

The property is located at 6246 San Fernando Road Glendale, CA.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Three contiguous single‑story buildings totaling approximately 11,378 square feet; Approximately 0.73 acres spanning six parcels; Delivered 100% vacant at close of escrow