$1,695,000

933 Brand Boulevard North

Glendale, California 91202

933 Brand Boulevard North

Property Description

NNN leased investment on long term ground lease to Sabor Restaurant. Tenant lease expires on 2/28/2014 and tenant has 2-10 year options to renew. Tenant pays all expenses including taxes, insurance and any building maintenance and repairs. Existing rent is approximately 60% below market rent. Prime Glendale corner street location, north of the 134 and on the south west corner of Brand and Glenoaks. NNN yearly income is $94,932. There are annual CPI escalations and next increase will be March 2009. Tenant has right of first refusal. There are 35 parking spaces that the tenant has use of across the street until 2014. This is a great passive investment that needs no management and tenant pays all expenses. Tenant would consider selling their leasehold interest in the property. Call listing broker for further details.

Brokered And Advertised By: Katherine Bergh
Listing Agent: BERGH,KATHERINE L.

Features

Year Built:
 1973

Neighborhood Information

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URL for this listing: http://www.realestatebook.com/homes/listing/106-1000387868/933-Brand-Boulevard-North-Glendale-CA-91202/

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This property located at 933 Brand Boulevard North is currently for sale.  933 Brand Boulevard North is in the 91202 ZIP code in Glendale, California. This property is listed by BERGH,KATHERINE L. for $1,695,000. 933 Brand Boulevard North, and was built in1973.