900 E. Colorado Street

  • For Sale $9,900,000
  • Glendale, CA 91205
  • Retail, Strip Center | 17,127 SF

Description

WESTMAC Commercial Brokerage Company is pleased to present for sale 900 E. Colorado Street, a 100% occupied ± 17,127-square foot (17,064 per tax record) multi-tenant shopping center in Glendale, CA. 900 E Colorado, also known as Jasmine Plaza, is an ideal opportunity for investors to acquire an excellent property located in a desirable market.

900 E. Colorado Street is located in a dynamic retail submarket, situated less than a mile from The Americana at Brand, one of the 15 most productive and highest-grossing retail centers in the world. Anchored by Sherwin Williams, 900 E. Colorado Street is comprised of three (3) buildings which are situated on ± 49,261-square foot (per tax record) lot, and houses a mix of nationally recognized and mom & pop tenants.

The center features a strong and highly synergistic tenant line up comprised of popular local operators and large national brands. A number of existing tenants are paying below market rates. Jasmine Plaza also benefits from a strong, retail core location.

900 E. Colorado Street houses a mix of food, medical, and professional service tenants makes it highly resistant to recessionary and e-commerce pressures. Jasmine Plaza has stable cash flow due to in-place leases but also offers flexibility with month to month tenants. 900 E Colorado Street also provides buyer with immediate upside and ability to increase NOI after CAM Reconciliation.

Details

  • Offer For Sale
  • Property Type Retail, Strip Center
  • Building Size 17,127 SF
  • Land Size 49,261 SF
  • Zoning GLC3
  • Year Built 1990
  • Parking ±65 spaces

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Address

900 E Colorado St
Glendale, CA 91205
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Neighborhood Glendale