18812 Parthenia St - Auto Repair FOR SALE


Northridge, CA 91324
$3,195,000 USD
310-344-4900
18812 Parthenia St, Northridge, CA for Sale
$3,195,000 USD
Auto Repair - FOR SALE
1/16
null | 6.52% Cap Rate

18812 Parthenia St
Northridge, CA 91324


HIGHLIGHTS

  • Front Unit has an Office and Could be Used by Owner/User
  • Multiple Long Term Tenants
  • Separately Metered for Electric. Tenants Contribute to Water
  • Licensed Spray Booth
  • Street to Street Lot with Security Gate at Both Entrances
  • Paved Center Drive Way

OVERVIEW

Auto Body Center with multple long term tenants on month-tomonth leases. There are approximately 11 bays, 8 ground level roll-ups, and a licensed spray booth. There are no inground lifts. Electric is separately metered, tenants pay for their own trash removal, and contribute to the water expense. The property has high visibility and is in a row of auto repair/collision centers servicing national accounts. Parthenia and Wilbur has a 2025 Traffic count of 32,533 cars per day - CoStar. The property has a history of consistent annual rent increases. The building was constructed with reinforced concrete in 1988.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$559 USD /SF

CAP RATE

6.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,854 SF

ZONING

M1

APN/PARCEL ID

2785-001-080

ASK ABOUT THIS PROPERTY

Greg TrotterColdwell Banker Commercial RealtyMore Info
310-344-4900

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Greg TrotterColdwell Banker Commercial RealtyMore Info
310-344-4900

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