14651 Ventura Blvd - Storefront FOR SALE


Sherman Oaks, CA 91403
$12,358,000 USD
480-221-4221
14651 Ventura Blvd, Sherman Oaks, CA for Sale
$12,358,000 USD
Storefront - FOR SALE
1/11
null | 5.5% Cap Rate

14651 Ventura Blvd
Sherman Oaks, CA 91403


HIGHLIGHTS

  • 8 Years Remaining | Corporate Signed (NYSE: BURL) | Nearby Major Interstates | High Barrier to Entry Market
  • NN Leased | Fee Simple Ownership | Recent CapEx Improvements | Limited Landlord Responsibilities
  • Westfield Fashion Square (868,000 SF) | Nearby National/Credit Tenants | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

The Burlington is located along Ventura Boulevard, a primary commuter thoroughfare averaging over 52,000 vehicles passing by daily. The property is positioned just south of U.S. Highway 101 (314,000 VPD), a major north/south travelling highway connecting Santa Barbara to Los Angeles. Additionally, the asset situated just east of Interstate 405 (282,000 VPD), a major north/south travelling highway which connects Los Angeles to Orange County. Furthermore, the site is located just southwest of Westfield Fashion Square, a premier luxury 868,000 square foot shopping destination that features national/credit tenants including Macy’s, Old Navy, Bath & Body Works, and H&M. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Costco Wholesale, Target, Whole Foods, Michaels, CVS Pharmacy, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 492,300 with an affluent average household income of $149,462.

FOR SALE DETAILS

PRICE

$12,358,000 USD

PRICE/SF

$497 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burlington | 8yrs Remain Corp NN | NYSE: BURL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C

APN/PARCEL ID

2265-005-024,2265-005-026

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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