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