18645-18663 Ventura Blvd - Retail FOR SALE


Tarzana, CA 91356
$16,950,000 USD
310-926-5181
18645-18663 Ventura Blvd, Tarzana, CA for Sale
$16,950,000 USD
Retail - FOR SALE
1/24
null | Request Cap Rate

18645-18663 Ventura Blvd
Tarzana, CA 91356


HIGHLIGHTS

  • Unique retail/office building with award-winning architectural design.
  • Flexible suite options from 787 to 1,232 SF with full build-out capabilities.
  • Exceptional location across from Whole Foods and major lifestyle amenities.
  • Abundant parking ratio of 5 spaces per 1,000 SF for tenant and customer convenience.
  • Close to U.S. 101 with quick access to key business corridors in the Valley.
  • Multiple signage opportunities and modernized common spaces.

OVERVIEW

Kidder Mathews is pleased to exclusively offer Wall Street Plaza, a ±46,776 SF mixed-use retail and office investment with a dedicated adjacent parking structure at 18645-18663 Ventura Boulevard in Tarzana, California. Situated at the signalized northeast corner of Yolanda Avenue and Ventura Boulevard, the property commands frontage along one of the most heavily traveled commercial corridors in the San Fernando Valley, with daily traffic volumes approaching 40,000 vehicles along the property frontage and exceeding 41,000 just east of the site. Wall Street Plaza is a three-story, architecturally distinctive building originally constructed in 1986 and renovated in 2004. The property sits on two parcels totaling approximately ±58,867 SF of land and includes a dedicated adjacent parking structure providing approximately 211 total parking spaces at a 4.3:1,000 SF ratio. The property is currently approximately 90% leased to a diversified mix of restaurant, medical, financial services, beauty, bridal, and daily-needs tenants, many of whom have long-standing occupancy histories and significant investment in their spaces. With available vacancy for near-term lease-up, in-place rents below current submarket levels, and many tenants operating on gross leases without full CAM reimbursement, Wall Street Plaza presents investors with a rare opportunity to acquire durable in-place income with multiple paths to organic growth through rent resets, NNN conversion, lease-up, and potential parking monetization. Offered at $16,950,000 ($362/SF of GLA), Wall Street Plaza is priced well below the cost of constructing a comparable building with a dedicated parking structure in today’s market. Delivered free and clear of debt, the combination of in-place cash flow, below-market rents, lease-up upside, NNN conversion opportunity, and irreplaceable Ventura Boulevard positioning makes this a rare acquisition for investors seeking both income stability and organic growth.

FOR SALE DETAILS

PRICE

$16,950,000 USD

PRICE/SF

$362 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wall Street Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

LAC2

APN/PARCEL ID

2160-006-038,2160-006-039

ASK ABOUT THIS PROPERTY

Janet NemanKidder MathewsMore Info
310-926-5181

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Janet NemanKidder MathewsMore Info
310-926-5181

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