11487 San Fernando Rd - Office FOR SALE


San Fernando, CA 91340
$5,000,000 USD
310-328-5208
11487 San Fernando Rd, San Fernando, CA for Sale
$5,000,000 USD
Office - FOR SALE
1/3
null | 5.7% Cap Rate

11487 San Fernando Rd
San Fernando, CA 91340


HIGHLIGHTS

  • ESTABLISHED NATIONAL TENANT | Leased to The Stepping Stones Group, a leading national provider of behavioral health and educational services
  • ATTRACTIVE RENT GROWTH | 10.4% increases in each five-year option period
  • SIGNIFICANT RENOVATION COMPLETED | Current ownership completed extensive renovations to accommodate the tenant’s use
  • STRONG TENANT COMMITMENT | Tenant investing capital to permit and construct an outdoor play area at its sole cost and expense
  • PRIME SAN FERNANDO VALLEY LOCATION | Excellent access to the I-5, SR-118, I-405, and I-210 freeways in a dense infill market

OVERVIEW

IREA is pleased to present the opportunity to acquire a single-tenant net leased investment occupied by The Stepping Stones Group, a leading national provider of behavioral health, educational, and therapeutic services. The Property is strategically located along San Fernando Road in the Northeast San Fernando Valley, with convenient access to the I-5, SR-118, I-405, and I-210 freeways, providing exceptional regional connectivity and access to a large, densely populated residential trade area. Current ownership completed significant renovations to accommodate the tenant’s specialized use, resulting in a highly functional facility tailored to the tenant’s operations. Further demonstrating its long-term commitment to the location, the tenant is investing additional capital at its sole cost and expense to permit and construct an outdoor play area. The lease provides attractive long-term income growth through 10.4% rental increases in each option period. Additionally, the in-place rent remains at a reasonable and supportable level relative to the market, enhancing the property’s long-term leasing fundamentals and rent replaceability. Backed by an established national operator and located within a dense infill market, the Property offers investors the opportunity to acquire a stable, income-producing asset with built-in rental growth and strong underlying real estate fundamentals.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$439 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

M1

APN/PARCEL ID

2616-001-030

ASK ABOUT THIS PROPERTY

310-328-5208

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310-328-5208

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