8124-8144 Sunland Blvd - Freestanding FOR SALE


Sun Valley, CA 91352
$6,950,000 USD
818-956-7001
8124-8144 Sunland Blvd, Sun Valley, CA for Sale
$6,950,000 USD
Freestanding - FOR SALE
1/8
null | 5.12% Cap Rate

NEW


8124-8144 Sunland Blvd
Sun Valley, CA 91352


OVERVIEW

Stevenson Real Estate Services is pleased to present 8124 - 8142 Sunland Boulevard, a prime investment or owner-user opportunity in the heart of Sun Valley. The property is priced at a current cap rate of 5.12% with a pro forma cap rate of 7.35% by leasing vacancies at market rates and passing through all CAM charges. There is 7,717 square feet of second floor office/commercial space available for an owner-user to occupy. The property is 42,317 square feet (per Assessor) of multitenant buildings on 65,738 square feet of land. Located just off of the Sunland Boulevard/San Fernando Road intersection where there is a vehicle count of 33,500 cars per day (per 2024 MPSI estimate), this property enjoys outstanding visibility and easy access to major traffic routes. The property provides ample on-site parking and is priced below replacement cost at $164 per building square feet. The tenancy includes a mix of month-to-month and longer-term leases including a laundromat, Domino’s pizza, a non profit charter school, and a non profit rehabilitation center, with a current annual effective gross income of approximately $575,558 and a net operating income of $355,819. The property’s C2 zoning supports a wide range of uses, making it a strategic acquisition for retail, office or hybrid concepts. Located near major thoroughfares including the 5 Freeway and in close proximity to Hollywood Burbank Airport, the site offers convenient access to surrounding communities such as Burbank, North Hollywood, and San Fernando. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

5.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

79

LAND DETAILS

CROSS STREETS

Ratner St. Btwn. Sunland Blvd. & Sa

LAND ACRES

1.51 AC

LAND SF

65,738 SF

ZONING

[Q]C2-1VL-CDO-CUGU

APN/PARCEL ID

2409-002-026,2409-002-032

ASK ABOUT THIS PROPERTY

Kenny BurnsStevenson Real Estate ServicesMore Info
818-956-7001

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Kenny BurnsStevenson Real Estate ServicesMore Info
818-956-7001

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