Technical
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Property profile

221 Blvd Unit 228A Glendale, CA 90026

OFF-MARKET
Office Spaces
1,832 SF 0.5 ac lot Built 1989
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Property summary

AI-generated overview

This exceptional 1,832 square foot office suite, located in a desirable Glendale area, presents a fantastic opportunity for a variety of businesses. Situated within a two-story professional building featuring subterranean parking, this suite boasts an abundance of natural light thanks to its numerous windows. The current layout offers a flexible design incorporating both open floorplan areas and sizable private offices, perfect for adapting to diverse operational needs. The suite includes a welcoming reception area, a large office or potential conference room, a storage/utility room, a copy room, a filing/storage room, and a breakroom. There is also a significant open area suitable for a treatment area, cubicles, or workstations. While the suite itself does not contain restrooms, the building provides convenient shared facilities. The building enjoys a strong tenant mix, including medical, dental, and other professional services. An on-site manager ensures efficient building operations. The lease price of $2.89 per square foot is net-net (NN), excluding additional property expenses. Secure parking is available at an additional cost of $100 per month for one space or $150 per month for two spaces. The property is conveniently located near freeways, offering easy access while avoiding heavy traffic congestion. The half-acre lot provides ample space for the building and its occupants. Please note that the suite is currently available for lease.

Property profile

Verified
Property type Office Spaces
Year built 1989
Total area 1,832 SF
Lot 0.5 ac (21,780 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

221 Blvd Unit 228A Glendale, CA 90026
Glendale metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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