8420-8440 Balboa Blvd - Storefront FOR SALE


Northridge, CA 91325
$15,600,000 USD
213-298-3593
8420-8440 Balboa Blvd, Northridge, CA for Sale
$15,600,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

8420-8440 Balboa Blvd
Northridge, CA 91325


HIGHLIGHTS

  • Core Infill Los Angeles Location
  • Strong Real Estate Fundamentals
  • Ideal 1031 Exchange Opportunity

OVERVIEW

Newmark Pacific, as exclusive advisor, is pleased to present the opportunity to acquire the retail component of The Mix, an amenity-rich, two-building strip retail opportunity in Northridge, a prime San Fernando Valley submarket. Delivered in 2018 to institutional standards, the Property totals 17,410 square feet across 2.12 acres and is 85.4% leased to a nationally recognizable, credit-anchored lineup including Chipotle, Jersey Mike’s, Five Guys, Blue Palms Brewhouse, AhiPoki Bowl, Makenna Koffee, and Euphoria Urbana Cocina. The offering benefits from proximity to major employment nodes, California State University Northridge (CSUN), and immediate connectivity to I-405, SR-118, and US-101. Stable existing tenancy, vacancy upside, and strong real estate fundamentals, provide a unique opportunity for a new investor to leverage today’s retail demand to enhance future cash-flow.

FOR SALE DETAILS

PRICE

$15,600,000 USD

PRICE/SF

$896 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Mix

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

LAM2

APN/PARCEL ID

2689-019-017

ASK ABOUT THIS PROPERTY

William BaumanNewmarkMore Info
213-298-3593

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William BaumanNewmarkMore Info
213-298-3593

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