18812 Parthenia St - Auto Repair FOR SALE


Northridge, CA 91324
$2,950,000 USD
310-880-7900
18812 Parthenia St, Northridge, CA for Sale
$2,950,000 USD
Auto Repair - FOR SALE
1/9
null | 6.87% Cap Rate

18812 Parthenia St
Northridge, CA 91324


HIGHLIGHTS

  • 9 Bay Autobody with Permitted Spray Booth and Office
  • 6.9% Current Cap Rate with Upside in Rents
  • Next to Autobody Servicing National Accounts
  • Month to Month Tenants – Ideal for Owner-user or Leasing out
  • Bays Separately Metered for Electricity
  • Affluent Population

OVERVIEW

PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION: OFFERING SUMMARY: 18812 Parthenia St in Northridge, offers an investor the opportunity to acquire a 5,720 SF automotive property with spray booth. With the leases being month to month, an owner can occupy all or a portion of the building or continue to rent out the bays. The property provides easy access with street to street access from both Parthenia St & Bryant St. The M1 zoning allows any industrial or automotive use. Located between Reseda Blvd & Tampa Ave and with easy access to the 118 Fwy, gives easy access to all clients. DEMOGRAPHICS: Affluent and dense population with heavy automotive needs. Over 28,000 residents within 1 mile and over 235,000 within 3 miles. Average Household income averages over $94,000 yearly within 1 mile and over $106,000 yearly within 3 miles. PRICE: $2,950,000 – 5,720 SF on 12,584 SF Lot with a Current 6.9% Cap Rate

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$516 USD /SF

CAP RATE

6.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

9 Bay Autobody, Permitted Spray Booth, Office

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,854 SF

ZONING

M1

APN/PARCEL ID

2785-001-080

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 Policy.