1033 San Fernando Rd - Storefront FOR SALE


San Fernando, CA 91340
$2,500,000 USD
213-532-3220
1033 San Fernando Rd, San Fernando, CA for Sale
$2,500,000 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

1033 San Fernando Rd
San Fernando, CA 91340


HIGHLIGHTS

  • San Fernando Rd is an established commercial corridor for retail, entertainment, dining, and vintage/specialty shopping
  • Costar Walk Score of 96 (“Walkers Paradise”)
  • New Roof and HVAC units installed 2024
  • Abundance of parking available
  • Future Metro station at San Fernando/ Maclay, for Metro Light rail project
  • Nearby brands include El Super supermarket, CVS, Chipotle, Wingstop, Starbucks, Denny’s, It’s Boba Time, El Pollo Loco, and others

OVERVIEW

Colliers International is pleased to present for sale the property commonly known as 1033 San Fernando Rd in the Downtown San Fernando shopping district. Retained by the seller as exclusive advisors, Colliers is offering a rare opportunity to acquire an existing retail building on this busy corridor consisting of ±12,625 SF, on approximately ±11,276 SF of land. The building is currently occupied by a furniture store with a short term lease, and can be delivered vacant upon close of escrow (please do not disturb the tenant). The ground floor is approx. 10,000 SF, plus usable mezzanine space ±2,625 SF. The property is located on San Fernando Rd., which is the city’s pedestrian-oriented downtown district, with a walk score of 96 (a “Walkers Paradise” per Costar). It attracts over 760,000 visits annually from shoppers coming from miles away, with an average dwell time of 40 minutes. Immediately behind the property is a large public parking lot with 164 parking spaces, free of charge, plus several other public lots within walking distance. National retailers in the immediate area include El Super supermarket, CVS, Chipotle, Wingstop, Starbucks, Denny’s, It’s Boba Time, El Pollo Loco, and others. The property is located 50’ from the signalized intersection of San Fernando Rd & Maclay, where a new Metro station is planned to for the upcoming East San Fernando Valley Metro light rail transit project. The new Metro station will connect San Fernando to Van Nuys Blvd to the south, and ultimately to the Metro Orange Busway. 1033 San Fernando Rd provides the opportunity for an investor or owner/user to purchase a commercial building in a market with great barriers to entry. The property gives an owner/user the opportunity to take advantage of SBA financing, purchase the building with only 10% down and realize the benefits of ownership vs. leasing. A savvy investor can take advantage of the prime location, re-tenant the property and stabilize the income.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Victoria's Furniture

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

Specific Plan

APN/PARCEL ID

2522-002-016

ASK ABOUT THIS PROPERTY

Michael BohorquezColliersMore Info
213-532-3220

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Michael BohorquezColliersMore Info
213-532-3220

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