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Colorado St 1121-1123 1121-1123 COLORADO ST Glendale, CA 91205 A mixed-use retail and automotive property located less than one mile from the Glendale Galleria and Americana at Brand in Glendale, CA Exclusively Listed By: Brandon Michaels Matthew Luchs Senior Managing Director of Investments First Vice President Investments Senior Director, National Retail Group COO of The Brandon Michaels Group Tel: 818.212.2794 Tel: 818.212.2727 [email protected] [email protected] CA License: 01434685 CA License: 01948233 www. BrandonMichaelsGroup .com www. BrandonMichaelsGroup .com Andrew Leff First Vice President Investments Director, National Retail Group Tel: 818.212.2815 [email protected] License #01865688 www. BrandonMichaelsGroup .com 2 04 12 20 Executive Property Area Summary Overview Overview 3 E Colorado St 4 GLENDALE FASHION CENTER S Chevy Chase Dr Executive Summary 5 Executive Summary 6 A mixed-use he Brandon Michaels Group of Marcus & Millichap The property is located one mile from Downtown retail and Thas been selected to exclusively represent for sale Glendale, which is home to two major retail centers; The 1121-1123 East Colorado Street, three freestanding Americana At Brand, and the Glendale Galleria. The automotive buildings on two parcels totaling 5,609 square feet Americana at Brand is home to eighty-two retail stores, property located of building on 9,470 square feet of land. The subject and 242 residential units. The Glendale Galleria is less than one property features a combined total of 75 feet of frontage comprised of 1.6 million square feet of retail space, and along Colorado Street, which sees average daily traffic is the fourth largest mall in Los Angeles County. The two mile from the counts of 27,365 vehicles per day. The westernmost malls receive significant attention and act as a premiere Glendale Galleria property, 1121 East Colorado Street, is a vacant 2,600 tourist attraction, drawing visitors to the city. square foot retail building on 4,788 square feet of land. and Americana 1123-1123 East Colorado Street is comprised of two 1121-1123 East Colorado Street is located less than at Brand in fully leased freestanding buildings on 4,705 square one mile from both the Glendale Freeway and Ventura Glendale, CA feet of land. The front of 1123 East Colorado Street Freeway, making it easily accessible from greater Los (approximately 1,070 square feet) is leased to a mattress Angeles County. The subject property is surrounded by store through November of 2022. The rear of 1123 East a host of national retailers, including Taco Bell, Burger Colorado Street (approximately 480 square feet) and King, McDonalds, Starbucks, Domino’s Pizza, Jack in the 1123 East Colorado Street (1,450 square feet) are leased Box, McDonalds, and Little Caesars. to an automotive tenant on a month-to-month basis. Executive Summary 7 STRONG LOCATION JUST ONE MILE FROM POPULAR DOWNTOWN GLENDALE • The property is located one mile from Downtown Glendale, which is home to two major retail centers; The Americana At Brand, and the Glendale Galleria • The Americana at Brand is home to eighty-two retail stores, and 242 residential units • The Glendale Galleria is comprised of 1.6 million square feet of retail space, and is the fourth largest mall in Los Angeles County • The Americana at Brand and Glendale Galleria receive significant attention and act as a premiere tourist attraction, drawing visitors to the city A PRIME SOUTHERN CALIFORNIA MIXED- USE RETAIL AND AUTOMOTIVE PROPERTY • Three freestanding buildings on two parcels totaling 5,609 square feet of building on 9,470 square feet of land providing excellent flexibility • 1121 East Colorado Street is a vacant 2,600 square foot retail building on 4,788 square feet of land • 1123-1123 East Colorado Street is comprised of two fully leased freestanding buildings on 4,705 square feet of land, 1,450 square feet of which is a garage for automotive use • The subject property features a combined total of 75 feet of frontage along Colorado Street, which sees average daily traffic counts of 27,365 vehicles per day THE AMERICANA AT BRAND 8 DOWNTOWN GLENDALE DENSE IMMEDIATE DEMOGRAPHICS • There are 60,582 people located within one mile of the property • There are 240,187 people located within three miles of the property • There are 560,996 people located within five miles of the property • There are 87,637 households located within three miles of the property • There are 210,091 households located within five miles of the property • Average household income is $101,772 within three miles of the property Executive Summary 9 E Colorado St Colorado E S Chevy Chase Dr 10 Address 1121-1123 E Colorado Street Glendale 91205 Price $2,475,000 Building Size 5,609 SF Lot Size 9,470 SF Price/SF (Building) $441 Price/SF (Land) $261 Year Built 1946/1938 APN Number 5674-021-008, -009 Zoning CM, Glendale Executive Summary 11 Property Overview 12 LOCATION 1121-1123 E Colorado Street Glendale 91205 SITE The property is located near the NW corner of E Colorado Street and S Chevy Chase Drive. BUILDING SIZE 5,609 SF LOS ANGELES ZOO LOT SIZE GLENDALE GALLERIA THE AMERICANA 9,470 SF AT BRAND ZONING CM, Glendale GRIFFITH PARK APN NUMBERS 5674-021-008, 5674-021-009 TRAFFIC COUNTS Colorado Street: 27,365 Vehicles Per Day Property Overview 13 property PHOTOS 14 Property Overview 15 parcel map 16 rent rol.l TENANT SF SF% LEASE EXP OPTION RENT RENT/SF 1121 (Vacant) 2,600 46% Vacant 1123 (Front) Mattress 1,070 19% Nov-22 1-2 Year $2,175.00 $2.03 Auto 1123 (Rear)* + 1123** 1,939 35% M2M $4,000.00 $2.06 TOTAL 1,420 100% $6,175.00 $1.10 * Entire storefront building at 1123 Colorado is ~1,550 SF - Mattress store occupies the front, ~1,070 sq ft and the auto tenant uses the rear ~480 sq ft for office space. **~1,450 of the total 1,939 SF for Auto tenant consists of garages at the rear of the property. 1121 E COLORADO ST 1123 E COLORADO ST 1123 E COLORADO ST Property Overview 17 PACIFIC PARK Area Overview ALEX THEATRE GLENDALE, CA Location 1121-1123 East Colorado Street is located in Glendale, CA. MUSEUM OF NEON ART Prime1121-1123 East Colorado Glendale is known as a central location for the employment Street is located one base of Los Angeles, as well as the San Fernando and San Gabriel Valleys. The city is home to over 2.5 million square feet mile from Downtown of retail amenities within just two of its malls. Glendale is the Glendale, which fourth largest city in Los Angeles County, and the 23rd largest features two major city in California. Glendale is known for its central location which is proximate to Los Angeles City, and the San Fernando and retail centers; the San Gabriel Valleys, making it a prime location for commuters. Americana at Brand Glendale is surrounded by freeways which enhances ease of transportation, it is framed by the Foothill Freeway (210), Golden and the Glendale State (5), Ventura (134), and Glendale (2) freeways. It is located Galleria 18 in the southeastern portion of the San Fernando Valley, and is bordered by Sun Valley, Burbank, Eagle Rock, and Atwater Village. Glendale has a rich history in entertainment, having served as a home base to big names in animation such as Disney and DreamWorks. The Walt Disney Company moved to Glendale in the 1960’s, and later formed Disney’s Grand Central Creative Campus. DreamWorks Animation was formed in the mid-1990s, and remains located in the Grand Central Business Center. The subject property is located two miles from The Link, a recently completed mixed-use building with 143 one- and two- bedroom apartments and approximately 8,700 square feet of ground-floor retail use. The Link is located at 3909 San Fernando Road, and features amenities such as a dog park, poolside BBQ dining, package lockers, and a relaxing spa. The submarket features dense immediate demographics, with 60,582 people located within one mile of the property, 240,187 people located within three miles of the property, and 560,996 people located within five miles of the property. There are 23,323 households located within one mile of the property, 87,637 households located within three miles of the property, and 210,091 households located within five miles of the property. Average household income within one mile of the property is $75,872, $101,772 within three miles of the property, and $104,030 within five miles of the property. Area Overview 19 CloseTO POPULAR ProximityNEIGHBORHOODS Glendale lies in the Verdugo Mountains, and is a suburb in the Los Angeles metropolitan area. The city is bordered to the northwest by the Sun Valley and Tujunga neighborhoods of Los Angeles; to the northeast by La Cañada Flintridge and the unincorporated area of La Crescenta; to the west by Burbank and Griffith Park; to the east by Eagle Rock and Pasadena; to the south by the Atwater Village neighborhood of Los Angeles; and to the southeast by Glassell Park neighborhood of Los Angeles. The Golden State, Ventura, Glendale, and Foothill freeways run through the city. BURBANK 5.5 Miles from the Subject Property PASADENA 6.4 Miles from the Subject Property EAGLE ROCK 1.7 Miles from the Subject Property 20 DOWNTOWN LOS ANGELES 9.4 Miles from the Subject Property Area Overview 21 RETAIL With a range of stylish boutiques and popular global brands, The Americana at Brand is one of L.A.’s favorite shopping destinations, offering the latest fashions, accessories, beauty, home goods and more.
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