5155 Old Scandia Ln - Sports and Entertainment FOR SALE


Calabasas, CA 91302
$12,000,000 USD
480-221-4221
5155 Old Scandia Ln, Calabasas, CA for Sale
$12,000,000 USD
Sports and Entertainment - FOR SALE
1/10
null | 5% Cap Rate

5155 Old Scandia Ln
Calabasas, CA 91302


HIGHLIGHTS

  • Generational 6+ Acre Development/Redevelopment Opportunity |Unaffected By LA Mansion Tax
  • Top Residential & Retail Market | Affluent Hidden Hills Community |101 Freeway (192,000 VPD) | Strong Trade Area Demographics
  • Near Top Grocery-Anchored Retail Centers | 8.3M+ Annual Visits

OVERVIEW

SRS National Net Lease is pleased to offer the generational opportunity to acquire the enterprise and fee simple interest (land & building ownership) in the Calabasas Pickleball Club investment property. The offering includes 6+ acres in the highly sought-after city of Calabasas, California. The site borders the Hidden Hills community, the most exclusive gated residential area in Los Angeles County boasting an average home value exceeding $5M, and a long list of exceptionally wealthy and high-profile residents. The tenant receives a significant amount of consumer traffic and membership from the adjacent Hidden Hills community, the city of Calabasas, and its proximity to downtown Los Angeles. The surrounding trade area features over 183,800 residents and 111,200 employees within a 5-mile radius, and an average household income of $258,046 within 1-mile, providing a direct, affluent consumer base from which to draw.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Calabasas Pickleball Courts

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.22 AC

LAND SF

270,943 SF

ZONING

Commercial Recreational

APN/PARCEL ID

2049-022-031,2049-029-114

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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