Office Building with Regional Freeway
For Sale
Contact for pricing
425 West Broadway, Glendale, CA 91204
Office asset with access to major freeways including I-5, SR-2, SR-134, and I-210.
Property Size72,611 SF
Price / SF$247.21
Days on Market162
Property Features for 425 West Broadway
General Information
Standard status
Active
Size
72,611 SF
Total Parking Spaces
182
Property subtype
Office
Zoning
SFMU - Commercial/ Residential Mixed Use
Occupancy
100%
Investment Type
Institutional
Site & Location
Neighborhood
Glendale Galleria
Highway Access
Yes
Building Details
Year Built
1984
Buildings
1
Stories
4
Units
184
Tenancy
Multi
Listing Agency:
CBRE - Orange County
Listed By:
Mark Shaffer · License #CA 01253743
(818) 502-6700
Source:
Crexi
Added: May 18
Changed: Oct 25
Last Checked: Oct 24 at 4:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Orange County
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale office building is located at 425 West Broadway in Glendale, CA, totaling 72,611 square feet.
Glendale is described as a business-friendly city and the third largest in Los Angeles County, with lower cost-of-doing-business factors highlighted in the remarks, including lower property taxes, lower transient occupancy taxes, lower utility user taxes, and no parking tax or gross receipts tax. The asset is positioned for regional access through centralized freeway connectivity, with access to the I-5 (Golden State) Freeway, SR-2 (Glendale) Freeway, SR-134 (Ventura) Freeway, and the 210 (Foothill) Freeway.
Glendale is described as a business-friendly city and the third largest in Los Angeles County, with lower cost-of-doing-business factors highlighted in the remarks, including lower property taxes, lower transient occupancy taxes, lower utility user taxes, and no parking tax or gross receipts tax. The asset is positioned for regional access through centralized freeway connectivity, with access to the I-5 (Golden State) Freeway, SR-2 (Glendale) Freeway, SR-134 (Ventura) Freeway, and the 210 (Foothill) Freeway.
Key Highlights
- Office asset built in 1984
- Strategic freeway access near I‑5 (Golden State), SR‑2, SR‑134, and I‑210
- Located in Glendale, the third largest city in Los Angeles County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,428,712
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$28,574,240
$28.6M
Cap Rate 7%
$20,410,171
$20.4M
Cap Rate 9%
$15,874,578
$15.9M
Market Conditions
NOI Build-Up for 72,611 SF
Gross rent
$2.40M $33.00/SF
− Vacancy
−$491.2K −$6.77/SF
EGI
$1.90M $26.24/SF
− OpEx
−$476.2K −$6.56/SF
NOI
$1.43M $19.68/SF
Area
Glendale, CA
Vacancy
20.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$28,574,240
Cap Rate 7%
$20,410,171
Cap Rate 9%
$15,874,578
Alternative Uses
Best Use
Office B
$20.41M
$17.86M – $23.81M
NOI $1,428,712 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$43.67M
$38.21M – $50.95M
NOI $3,056,905 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,782
Businesses Nearby
Explore this area
Business Placement
Demographics for 91204, CA
17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office asset with access to major freeways including I-5, SR-2, SR-134, and I-210.
Where is this office building located?
The property is located at 425 West Broadway Glendale, CA.
What is the asking price?
The asking price for this property is $17,950,000.
What are key features of this property?
This property features: Office asset built in 1984; Strategic freeway access near I‑5 (Golden State), SR‑2, SR‑134, and I‑210; Located in Glendale, the third largest city in Los Angeles County
