7243 Woodley Ave - Industrial FOR SALE


Van Nuys, CA 91406
$2,555,000 USD
760-285-7303
7243 Woodley Ave, Van Nuys, CA for Sale
$2,555,000 USD
Industrial - FOR SALE
1/6
null | 8.22% 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
  • Newly Executed Eight-Year Net Lease to Rich Group Collision Center with 3% Annual Rent Escalations Showing Long-Term Commitment to Space

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 fully occupied by Rich Group Collision Center, a well-established auto body repair shop in the San Fernando Valley. The tenant has invested heavily in renovations since the lease began and recently executed an eight-year early renewal, underscoring their long-term commitment to the property.

FOR SALE DETAILS

PRICE

$2,555,000 USD

PRICE/SF

$639 USD /SF

CAP RATE

8.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Storefront Retail/Office, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17

LAND SF

7,405

ZONING

LAC2

APN/PARCEL ID

2205-027-028

ASK ABOUT THIS PROPERTY

Christian DesnoesMarcus & MillichapMore Info
760-285-7303

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Christian DesnoesMarcus & MillichapMore Info
760-285-7303

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