Property Listing No Longer Available for Sale

4250 Pennsylvania Ave, La Crescenta, CA

Office for Sale - $4,950,000 - 13,106 Sq. Ft. on 0.48 acres


Property Info

CIMLS#971698
Location
  4250 Pennsylvania Ave
  La Crescenta CA 91214
UpdatedJanuary 5th, 2018
TypeOffice
Price$4,950,000
Building13,106 Sq. Ft.
Land0.48 acres

Property Description

Rare Offering of a Multi-Tenant Office Building in La Crescenta. La Crescenta is a quiet and affluent neighborhood nestled in the foothills of Los Angeles County; residents in La Crescenta take pride in their Blue-Ribbon school district and small town feel. This is an supply constrained market with extremely high barriers of entry.

Currently 100% Occupied. The asset is fully leased with a seasoned and diversified mix of seven tenants. The occupancy ranges in space from 842 square feet to 4,648 square feet units, with the largest unit being occupied by a regional healthcare provider.

Opportunity for Partial Owner User of 1,300 SF. One of the units is occupied by the ownership and while the ownership would like to continue to rent space at fair market rents, plans can be arranged to make that unit available to a Buyer who would prefer to occupy after the close of escrow.

Well Maintained & Modern Interiors. Chic modern upgrades and high end finishes adorn the interior space including the lobby, which is artfully simplistic and clean. The parking lot and most major operational functions of the asset are well maintained appear well attended.

Convenient 210 Off-Ramp Location. The asset is located less than 100 feet from the Pennsylvania Street off-ramp from the 210 West freeway. Pennsylvania Avenue is a well trafficked off-ramp as it drops commuters into the middle of La Crecenta and provides easy access to either Montrose or Foothill Boulevard.

Location Description:

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Financials


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