3600-3604 Foothill Blvd - Storefront Retail/Office FOR SALE


La Crescenta, CA 91214
$1,695,000 USD
818-546-1212
3600-3604 Foothill Blvd, La Crescenta, CA for Sale
$1,695,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 5.02% Cap Rate

3600-3604 Foothill Blvd
La Crescenta, CA 91214


HIGHLIGHTS

  • Freestanding signalized corner retail property with tremendous exposure
  • All retail tenants are on NNN leases with minimal Landlord responsibility
  • All leases have a minimum 3% annual increase or CPI, whichever is higher
  • Newer roof and HVAC - less than 2 years old
  • 4 Storage units included that can double as additional parking
  • Easily accessible rear parking lot with 12 spaces - Owner/User can occupy 885 SF

OVERVIEW

Specialized Realty proudly presents 3600-3604 Foothill Blvd. in La Crescenta, CA. A rare opportunity for an owner/user or investor to acquire a free-standing, retail center strategically located on one of the busiest thoroughfares of the Crescenta Valley that connects La Canada and Sunland. It is strategically located on the signalized corner of Foothill Blvd. and Dunsmore Ave with exposure to over 24,000 cars per day. The asset is comprised of 3 retail units and 4 storage units totaling 4,000 SF on a 8,452 SF lot zoned CH. The property has a conveniently accessible parking lot in the rear with 12 striped spaces. Unit 3602 is 885 SF in size and will be delivered vacant, providing an ideal owner/user opportunity to utilize both the retail and respective storage space. The property has recently undergone improvements less than 2 years ago including a new roof and HVAC. With remaining tenants on NNN leases, landlord responsibilities are minimized adding to the value of the property. This is a tremendous opportunity to acquire a cornerstone La Crescenta retail center on a high traffic retail corridor with a stable tenant base.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$424 USD /SF

CAP RATE

5.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

CH

APN/PARCEL ID

5604-018-034

ASK ABOUT THIS PROPERTY

Artak DovlatyanSpecialized Realty, Inc.More Info
818-546-1212

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Artak DovlatyanSpecialized Realty, Inc.More Info
818-546-1212

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