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700 N Central Ave

136,576 SF 67% Leased Office Building Glendale, CA 91203 For Sale

Investment Highlights

  • Boutique Investment Opportunity : One of the smallest Class A office buildings in Glendale.
  • Proven Performance: Over the past 24 months, ownership of 700 N Central has completed 20 new leases and renewals representing 39% of the RBA
  • Direct access to the Ventura (134) Freeway with connection to the Glendale (2) and Golden State (5) Freeways
  • Recently Renovated: Current ownership has invested approximately $4.4 million ($32 PSF) in capital expenditures since 2020.
  • Incredible Visibility: Premier, unobstructed views and freeway signage opportunities offered to anchor tenants. Approx. 258,198 vehicles per day.
  • Close proximity to restaurants, shopping, hotels and entertainment, including Embassy Suites, Hilton & Equinox gym

Executive Summary

CBRE Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire 700 North Central Avenue, Glendale, California. 700 N Central is an eight-story, Class-A, multi-tenant office building prominently located immediately adjacent to the Ventura (134) Freeway in downtown Glendale. The Property is being offered on a fee simple basis, free and clear of any existing financing, and on an “as-is, where-is” basis.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
136,576 SF
Building Class
A
Year Built/Renovated
1979/2020
Percent Leased
67%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
17,072 SF
Building FAR
3.60
Lot Size
0.87 AC
Zoning
GLC2* - General Commercial

Amenities

  • Bus Line
  • Courtyard
  • Property Manager on Site
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 250
  • 2,847 SF
  • Office
  • Full Build-Out
  • 30 Days

Four offices, conference room, kitchen/break room and bullpen space. Available with 30 days notice.

  • 3rd Fl-Ste 320
  • 925 SF
  • Office
  • Full Build-Out
  • Now

Nine offices, conference room, kitchen/break room, storage room and bullpen space.

  • 4th Fl-Ste 430
  • 1,986 SF
  • Office
  • Full Build-Out
  • 30 Days

Four offices, kitchen/break room, reception area and bullpen space. Available with 30 days notice.

  • 4th Fl-Ste 450
  • 3,337 SF
  • Office
  • Full Build-Out
  • Now

Six offices, conference room, open kitchen and bullpen space.

  • 5th Fl-Ste 500
  • 3,709 SF
  • Office
  • Spec Suite
  • 30 Days

Spec suite with six offices, conference room, kitchen/break room, server room and bullpen space. Available with 30 days notice.

  • 5th Fl-Ste 530
  • 1,726 SF
  • Office
  • Spec Suite
  • Now

Spec suite with two offices, conference room, open kitchen and bullpen space

  • 5th Fl-Ste 580
  • 2,548 SF
  • Office
  • Spec Suite
  • Now

Spec suite with two offices, conference room, open kitchen, server room and bullpen space.

  • 7th Fl-Ste 700
  • 18,017 SF
  • Office
  • Full Build-Out
  • Now

Full floor with fifteen offices, four conference rooms, kitchen/break room, server room,mail room, reception area and bullpen space.

Space Size Space Use Condition Available
2nd Fl-Ste 250 2,847 SF Office Full Build-Out 30 Days
3rd Fl-Ste 320 925 SF Office Full Build-Out Now
4th Fl-Ste 430 1,986 SF Office Full Build-Out 30 Days
4th Fl-Ste 450 3,337 SF Office Full Build-Out Now
5th Fl-Ste 500 3,709 SF Office Spec Suite 30 Days
5th Fl-Ste 530 1,726 SF Office Spec Suite Now
5th Fl-Ste 580 2,548 SF Office Spec Suite Now
7th Fl-Ste 700 18,017 SF Office Full Build-Out Now

2nd Fl-Ste 250

Size
2,847 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

3rd Fl-Ste 320

Size
925 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 430

Size
1,986 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

4th Fl-Ste 450

Size
3,337 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

5th Fl-Ste 500

Size
3,709 SF
Space Use
Office
Condition
Spec Suite
Available
30 Days

5th Fl-Ste 530

Size
1,726 SF
Space Use
Office
Condition
Spec Suite
Available
Now

5th Fl-Ste 580

Size
2,548 SF
Space Use
Office
Condition
Spec Suite
Available
Now

7th Fl-Ste 700

Size
18,017 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 250

Size 2,847 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Four offices, conference room, kitchen/break room and bullpen space. Available with 30 days notice.

3rd Fl-Ste 320

Size 925 SF
Space Use Office
Condition Full Build-Out
Available Now

Nine offices, conference room, kitchen/break room, storage room and bullpen space.

4th Fl-Ste 430

Size 1,986 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Four offices, kitchen/break room, reception area and bullpen space. Available with 30 days notice.

4th Fl-Ste 450

Size 3,337 SF
Space Use Office
Condition Full Build-Out
Available Now

Six offices, conference room, open kitchen and bullpen space.

5th Fl-Ste 500

Size 3,709 SF
Space Use Office
Condition Spec Suite
Available 30 Days

Spec suite with six offices, conference room, kitchen/break room, server room and bullpen space. Available with 30 days notice.

5th Fl-Ste 530

Size 1,726 SF
Space Use Office
Condition Spec Suite
Available Now

Spec suite with two offices, conference room, open kitchen and bullpen space

5th Fl-Ste 580

Size 2,548 SF
Space Use Office
Condition Spec Suite
Available Now

Spec suite with two offices, conference room, open kitchen, server room and bullpen space.

7th Fl-Ste 700

Size 18,017 SF
Space Use Office
Condition Full Build-Out
Available Now

Full floor with fifteen offices, four conference rooms, kitchen/break room, server room,mail room, reception area and bullpen space.

Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5644-003-054
Land Assessment
$8,202,345
Improvements Assessment
$22,419,744
Total Assessment
$30,622,089
  • Listing ID: 31250827

  • Date on Market: 3/18/2024

  • Last Updated:

  • Address: 700 N Central Ave, Glendale, CA 91203

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