STABILIZED SAN FERNANDO VALLEY MIXED-USE PROPERTY WITH UPSIDE
* EXCELLENT IN-PLACE INCOME WITH APPRECIATION POTENTIAL | Offered at ±94.3% occupancy and a net operating income of $1.49 million 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 900-3,000 sq. ft. each, Capri 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 | At anticipated pricing, the Property is priced well below the all-inclusive cost of building a similar 59,981 sq. ft. mixed-use building.
HIGHLY STRATEGIC AND DESIRABLE REAL ESTATE LOCATION WITH PARKING IN THE WEST SAN FERNANDO VALLEY OF LOS ANGELES
* ONE (1) LARGE PARCELS WITH 185 DEDICATED SURFACE PARKING | Capri Plaza benefits from a large surface parking area providing easy access for consumer visiting the center. Additionally, excellent signage and superior frontage of 414 ft. along Ventura Boulevard givens tenants’ maximum exposure.
* PROXIMITY TO PROVIDENCE CEDARS-SINAI MEDICAL CENTER | Capri Plaza is less than two (2) miles from Providence Cedars-Sinai Tarzana Medical Center, which boasts 245 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.
* NEAR WARNER CENTER & MAJOR EMPLOYMENT DRIVERS | Capri Plaza is located within three (3) miles from Warner Center - a prominent business district in the western San Fernando Valley. Known for its concentration of office buildings, retail centers, and residential complexes, Warner Center serves as a hub for commerce and community life and is also home to the Los Angeles Rams headquarters and practice facilities.