20516 Devonshire St - Storefront FOR SALE
Chatsworth, CA 91311 |
$8,160,000 USD
818-259-0476
20516 Devonshire St
Chatsworth, CA 91311
HIGHLIGHTS
- Stabilized Neighborhood Multi-Tenant Retail Investment Opportunity in High Barriers to Entry San Fernando Valley
- Investment Grade Tenancy - The strip center is 100% occupied by Starbucks, BMO Harris Bank N.A., Western Bagel, and Confluent Health.
- Most of the tenants are on NNN leases with significant amount of term remaining.
- Subject Property contains a well-balanced and synergistic mix of tenants in an approximately 9,000 sq. ft. building on over 30,300 sq. ft. of land.
- Subject Property is immediately adjacent to several grocery and drugstore-anchored shopping centers, gas stations, and financial service providers.
- The property is situated on the hard-signalized corner of Devonshire Street and Mason Avenue with traffic counts exceeding 49,500 cars per day.
FOR SALE DETAILS
PRICE
$8,160,000 USD
PRICE/SF
$897 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Bank, Fast Food, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
6.96 AC
LAND SF
303,003 SF
ZONING
LAP
APN/PARCEL ID
2741-025-181
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
818-259-0476
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
818-259-0476
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
