Contiguous Single-Story Flex
New
For Sale
$3,500,000
6246 San Fernando Road, Glendale, CA 91201
Delivered vacant, the property supports immediate occupancy or a future leasing program.
Property Size11,378 SF
Price / SF$307.61
Days on Market2
Property Features for 6246 San Fernando Road
General Information
Standard status
Active
Size
11,378 SF
Property subtype
FlexIndustrial
Listing Agency:
CBRE
(818) 300-4742
Listed By:
Kyle Barratt · License #01900653
(818) 300-4742
Source:
Cbre
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 7:07AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,964
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $120,964 @ 7.0% cap · market cap 3.46%
Second Best
Industrial
$1.66M
$1.45M – $1.94M
NOI $116,172 @ 7.0% cap · market cap 3.32%
Theoretical Best
Specialty Retail
$6.84M
$5.99M – $7.98M
NOI $479,011 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,056
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
Questions? Ask Rey
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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
