6801 Van Nuys Blvd - Freestanding FOR SALE
Van Nuys, CA 91405 |
6801 Van Nuys Blvd
Van Nuys, CA 91405
HIGHLIGHTS
- PLS Financial Services, Inc. (PLS) is one of the largest check cashing companies with over 200 locations in twelve (12) states.
- The subject property is a passive Single Tenant Net Leased investment on a highly prominent corner in Urban Los Angeles.
- The property, sits on .30 acres, consists of a single story (1) freestanding building totaling 5,811 sq. ft. with ample parking.
- The PLS lease includes structured increases of 2.5% annually, providing an inflation hedge.
- The lease is structured to allow NNN reimbursement by Tenant, with a fifteen percent (15%) administrative fee reimbursement on CAMS, excluding taxes.
- Tenant recently exercised the first (1st) of their remaining two (2), five (5)-year options to extend, showing strong commitment to the location.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
PLS Financials Services
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Bank, Storefront
TOTAL BUILDING SIZE
5860
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
2219-025-030
