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Thursday, Aug 18, 2022
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Glendale Warehouse Sells for $3.8 Million

A three-unit industrial building with 14,818 square feet in Glendale has sold for $3.8 million.Situated on a 22,507-square-foot parcel at 426-434 W. Cypress St., the structure is divided into two 5,000-square-foot units and one 4,818-square-foot unit.The building is fully occupied; two units are occupied by a media/studio tenant, and one unit is occupied by a beauty and wellness company.Yair Haimoff, executive managing director of Spectrum Commercial Real Estate, represented the undisclosed buyer in this investment sale.Haimoff said that the seller had multiple offers.“It was a highly competitive purchase with several offers that were all-cash and above asking price,” he said.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.
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