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Listed by Kaiulani Camuso • Dunaway Real Estate Group
$1,850,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD-25196154
Year Built 1939
Tax Year 2024
Property Sub-Type Office
Property Description
Presenting Angelus Pet Hospital, a rare investment opportunity located at 5846 San Fernando Road in Glendale, CA. A reliable veterinary tenant currently occupies this freestanding medical office building, offering excellent visibility along San Fernando Road. The property features a professionally built medical space with 1,587 square feet of building area on a 5,062-square-foot lot.
The tenant has executed a 10-year absolute NNN lease, commencing on October 1, 2024, with annual rent increases of 3%. The property generates $92,328 in annual rental income, providing stable cash flow with a 4.99% cap rate. Ideal for investors seeking a passive, income-producing asset in a high-demand Glendale location close to major freeways, residential communities, and business amenities.
The tenant has executed a 10-year absolute NNN lease, commencing on October 1, 2024, with annual rent increases of 3%. The property generates $92,328 in annual rental income, providing stable cash flow with a 4.99% cap rate. Ideal for investors seeking a passive, income-producing asset in a high-demand Glendale location close to major freeways, residential communities, and business amenities.
Location
State CA
County Los Angeles
Area 624 - Glendale-Chevy Chase/E. Glen Oaks
Interior
Laundry None
Exterior
Utilities Available Sewer Connected, Water Available
Building
Lot Description Rectangular Lot, Corner Lot, 0-1 Unit/Acre
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823