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%.