$10,000,000 USD
818-259-0476
HIGHLIGHTS
- Crossroads on Vermont presents an exceptional opportunity to acquire a positively cash-flowing retail and office investment operating at 96% occupancy
- The property features a blend of daily-needs retail tenants and professional office suites.
- Positioned at the signalized intersection of Vermont Avenue and 8th Street, the property benefits from over 60,000 vehicles of daily traffic.
- Crossroads on Vermont comprises approximately 22,272 square feet of improvements situated on a 20,235 square foot parcel.
- The property is zoned C2-1, permitting a broad range of commercial uses. Current zoning allows for development of 51 residential units by-right.
- Within a one-mile radius, the submarket has seen the delivery of over 6,500 residential units since 2021.
FOR SALE DETAILS
PRICE
$10,000,000 USD
PRICE/SF
$371 USD /SF
CAP RATE
6.23%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1933
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.46 AC
LAND SF
20,229 SF
ZONING
LAC2-1, LACR4-2
APN/PARCEL ID
5077-023-028,5077-023-029
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818-259-0476
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818-259-0476
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