7220-7222 Owensmouth Ave - Office FOR SALE


Canoga Park, CA 91303
$3,500,000 USD
805-338-9232
7220-7222 Owensmouth Ave, Canoga Park, CA for Sale
$3,500,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

7220-7222 Owensmouth Ave
Canoga Park, CA 91303


HIGHLIGHTS

  • 13,323 SF owner user office with all month to month leases in place
  • Two story office with elevator service to the second floor
  • Prime west valley location adjacent to Warner Center
  • Incredible redevelopment potential - 0.47 AC lot zoned C2 - Tier 3 TOC and Qualified Opportunity Zone
  • 25 parking spaces

OVERVIEW

PRICE REDUCED! NAI Capital is pleased to present the Landis Building, an approximately 13,323 SF two-story commercial office building on a 0.47 AC lot. The property presents an amazing opportunity for an owner user seeking to occupy a well maintained office building for their own business use. Owner users who qualify for SBA financing can enjoy as little as 10% down payment if they occupy 51% or more of the building. The asset presents additional value as a covered land play with future development potential. Zoned C2, it is a Tier 3 Transit Oriented Community and allows for a new owner to build up to 51 market rate multifamily units, or up to 87 units utilizing density bonuses. It also falls within a Qualified Opportunity Zone, giving a new investor the chance to take advantage of additional tax benefits. The property is currently occupied by a variety of tenants on short term leases, providing maximum flexibility for an incoming owner user or developer. Those seeking to enjoy the benefits of rental income can retain some or all of the existing tenants. The property is currently demised into executive suites on the first and second floors, plus two street-facing retail units on the first floor. The property has elevator service to the second floor. It is currently 83% occupied and all tenants are on month to month leases.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

C2

APN/PARCEL ID

2111-019-009

ASK ABOUT THIS PROPERTY

Rose O'SullivanNAI CapitalMore Info
805-338-9232

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Rose O'SullivanNAI CapitalMore Info
805-338-9232

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