213-446-7543
18645-18663 Ventura Blvd, Tarzana, CA for Sale
Storefront Retail/Office - FOR SALE
1/12
null | Request Cap Rate

18645-18663 Ventura Blvd
Tarzana, CA 91356


HIGHLIGHTS

  • STABILIZED SAN FERNANDO VALLEY MIXED-USE PROPERTY WITH UPSIDE
  • HIGHLY STRATEGIC AND DESIRABLE REAL ESTATE LOCATION WITH PARKING IN THE WEST SAN FERNANDO VALLEY OF LOS ANGELES

OVERVIEW

STABILIZED SAN FERNANDO VALLEY MIXED-USE PROPERTY WITH UPSIDE * EXCELLENT IN-PLACE INCOME WITH APPRECIATION POTENTIAL | Offered at ±97% occupancy and a net operating income of $900,779 in year 1 of ownership, the investment offers excellent immediate cash flow potential plus the ability to raise rents and convert gross leases to NNN. * IDEAL PROPERTY LAYOUT AND UNIT SIZE | Consisting of units between 350-5,684 sq. ft. each, Wall Street Plaza offers a range of unit layouts that helps maximize rent collections. With ample parking, service elevator, and strong signage, the plaza caters to a wide range of users. * PRICED BELOW REPLACEMENT COST | Offered at just $304/sq. ft. of GLA, the property is priced well below the all-inclusive cost of building a similar 46,770 sq. ft. mixed-use building plus a 39,757 sq. ft. parking structure. There is potential to monetize parking fees. HIGHLY STRATEGIC AND DESIRABLE REAL ESTATE LOCATION WITH PARKING IN THE WEST SAN FERNANDO VALLEY OF LOS ANGELES * TWO (2) LARGE PARCELS WITH DEDICATED PARKING STRUCTURE | Wall Street Plaza benefits from 23 surface parking spaces fronting the shopping center along Ventura Boulevard. Additionally, there is a dedicated parking structure adjacent to the site that offers 188 more spaces – providing excellent parking and allowing a wide range of tenant uses. * PROXIMITY TO PROVIDENCE CEDARS-SINAI MEDICAL CENTER | Wall Street Plaza is one (1) block west of the newly updated Providence CedarsSinai Tarzana Medical Center, which boasts 249 licensed beds and over 1,455 full-time employees. Providence-Cedars is the main hospital catering to the West San Fernando population and recently completed a several hundred million dollar renovation. * EXCELLENT HISTORICAL OCCUPANCY | During ownership’s hold period, Wall Street Plaza regularly maintained occupancy over 90%.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wall Street Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

LAC2

APN/PARCEL ID

2160-006-038

ASK ABOUT THIS PROPERTY

Mark ShafferCBRE, Inc.More Info
213-446-7543

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Mark ShafferCBRE, Inc.More Info
213-446-7543

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