7243 Woodley Ave - Auto Repair FOR SALE


Van Nuys, CA 91406
$2,550,000 USD
760-285-7303
7243 Woodley Ave, Van Nuys, CA for Sale
$2,550,000 USD
Auto Repair - FOR SALE
1/6
null | 6.75% Cap Rate

7243 Woodley Ave
Van Nuys, CA 91406


HIGHLIGHTS

  • 4,000-Square-Foot Single-Tenant Automotive Site Situated on 0.17 Acres
  • Newly Renovated in 2023 with 12’ Clear Height, Five (5) Ground-Level, and Improved Second Floor Office
  • Five-Year Lease to Rich Group Collision Center with Attractive $6,000 Annual Rent Escalations

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 7243 Woodley Avenue in Van Nuys. This fully leased single-tenant automotive site totals approximately 4,000 square feet and is situated on 0.17 acres of LAC2-zoned land. This offering represents an opportunity for an investor in the highly sought-after Van Nuys area. Newly renovated in 2023, the property features five ground-level doors, 12’ clear height, and an improved second-floor office. A fully paved and gated lot with multiple entry points provides attractive maneuverability. The property also offers 60 feet of frontage along Woodley Avenue, providing excellent visibility and accessibility in a highly trafficked corridor (Woodley Ave 23,194 VPD & Sherman Way 41,215 VPD). The building is currently 100% occupied by Rich Group Collision Center, a respected and well-established auto body repair shop serving the San Fernando Valley; who has completed substantial renovations since the start of their lease, indicating a long-term commitment to remaining at the property.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$638 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Storefront Retail/Office, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAC2

APN/PARCEL ID

2205-027-028

ASK ABOUT THIS PROPERTY

Christian DesnoesMarcus & MillichapMore Info
760-285-7303

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

Christian DesnoesMarcus & MillichapMore Info
760-285-7303

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