12900 Riverside Dr - Restaurant FOR SALE


Sherman Oaks, CA 91423
$3,500,000 USD
818-697-9387
12900 Riverside Dr, Sherman Oaks, CA for Sale
$3,500,000 USD
Restaurant - FOR SALE
1/9
null | 6.56% Cap Rate

12900 Riverside Dr
Sherman Oaks, CA 91423


HIGHLIGHTS

  • Located at the border of Sherman Oaks and Studio City
  • Across from Whole Foods
  • Directly off the 101 Freeway with high visibility to commuters

OVERVIEW

12900 Riverside Drive is an approximately 5,637 square foot neighborhood retail strip located on the border of Sherman Oaks and Studio City. The site is strategically located directly off the 101 Freeway and sits on the heavily trafficked, signalized intersection of Riverside and Coldwater Canyon, directly across from Whole Foods. The property boasts on-site parking, impressive street frontage, and offers tenants the rare and highly valued advantage of direct visibility to commuters traveling the 101. The property’s majority occupant, Hugo’s Tacos, has been doing business at the site since 2004 and has expanded within the property three times. Hugo’s Tacos renewed its lease last year for an additional five-year term, further indicating its commitment to the property. Don’t miss this opportunity to own a stable investment, with upside potential, on a prime San Fernando Valley intersection.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$621 USD /SF

CAP RATE

6.56%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,582 SF

ZONING

LAC 1.5

APN/PARCEL ID

2358-033-002

ASK ABOUT THIS PROPERTY

Greg Offsayilli Commercial Real EstateMore Info
818-697-9387

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Greg Offsayilli Commercial Real EstateMore Info
818-697-9387

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.