8741-8747 Van Nuys Blvd - Storefront Retail/Office FOR SALE


Panorama City, CA 91402
$4,425,000 USD
310-880-7900
8741-8747 Van Nuys Blvd, Panorama City, CA for Sale
$4,425,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | Request Cap Rate

8741-8747 Van Nuys Blvd
Panorama City, CA 91402


HIGHLIGHTS

  • Potential Medical Office Conversion or Apartment Redevelopment
  • 15,046 SF Building on 16,774 SF of Land (plus additional 9,155 SF Lot available)
  • Lot Size and Layout allows for approx. 100 Parking Spaces on Grade
  • 1 Block from Food4Less & El Super Supermarkets, 3 Blocks from Walmart, Malls & Amenities
  • 3 Blocks from new Rail Station with connections to Metrolink Station and the Orange & Red Rail Lines
  • 7 Schools & Kaiser Permanente Hospital within approximately 1 Mile

OVERVIEW

8741-8747 Van Nuys offers an investor an existing 15,046 SF building which can be converted into medical office or developed into apartments. With the additional 9,155 SF Lot, the property has abundant parking and qualifies for medical uses. The location offers easy walking access to 2 supermarkets within 1 block as well as Walmart, malls and retailers within 3 blocks. Convenient transportation options with the new rail station being built 3 blocks away offering connections to the Orange & Red and MetroLink rail lines, numerous bus lines and easy access to 4 freeways (405, 5, 118 & 170). Additionally, with 7 schools in less than a mile and the Kaiser Permanente Medical Center just over a mile away, all resident needs are easily accessible.

FOR SALE DETAILS

PRICE

$4,425,000 USD

PRICE/SF

$294 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,774 SF

ZONING

C2-2

APN/PARCEL ID

2653-002-006

ASK ABOUT THIS PROPERTY

Karl NiehausCREIMore Info
310-880-7900

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Karl NiehausCREIMore Info
310-880-7900

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