816-820 San Fernando Rd - Storefront Retail/Office FOR SALE


San Fernando, CA 91340
$3,800,000 USD
818-292-3175
816-820 San Fernando Rd, San Fernando, CA for Sale
$3,800,000 USD
Storefront Retail/Office - FOR SALE
1/14
null | 5.56% Cap Rate

816-820 San Fernando Rd
San Fernando, CA 91340


HIGHLIGHTS

  • Two Story Mixed-Use Retail/ Office Property
  • History of Successful Operations
  • Short Term Tenancy
  • Ideally located at the SE signalized corner of San Fernando Road & S Brand Boulevard
  • Property enjoys approximately 98 and 103 feet of frontage along San Fernando Road and S Brand Boulevard, respectively
  • Highly pedestrian oriented corridor centrally positioned in San Fernando’s downtown district with a walk score of 97, a “Walker's Paradise"

OVERVIEW

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 816 San Fernando Road, a 19,744 square foot two story mixed-use retail and office building situated on 0.22 acres of land (9,916 SF), located at the SE signalized corner of San Fernando Road & S Brand Boulevard in the heart of downtown San Fernando, CA. 816 San Fernando Road is currently 97.2% occupied by a mix of retail and office tenants. The property is comprised of eight (8) ground floor arcade style retail units and fourteen (14) second floor office units totaling 15,947 SF of net rentable area. The ground floor retail units average 725 SF and the second-floor office units average 937 SF, ideal unit sizes that are appealing to a variety of uses. A new owner will enjoy a seasoned tenancy that has occupied the property for an average of 11.52 years, with 51% of the existing tenant base successfully operating at this location for over 17 years. The current tenants are all on short term leases expiring within a year with the exception of the dentist, who occupies unit 203, whose lease expires on 9/30/2028. This short-term tenancy provides flexibility for both an owner-user or value-add investor to occupy a portion of the building or reposition expiring leases with market rent paying tenants, respectively. The subject property is at the highly visible signalized corner of San Fernando Road and S Brand Boulevard in the City of San Fernando’s highly pedestrian oriented downtown district. The property enjoys approximately 98 and 103 feet of frontage along San Fernando Road and S Brand Boulevard, respectively with a walk score of 95 (a “Walker’s Paradise” per CoStar). 816 San Fernando is also centrally positioned along the future East San Fernando Valley Metro light rail transit project. The property is 0.2 miles, a 4 min walk, from the San Fernando Road & Maclay Avenue station and will provide access south to the Orange Busway through Van Nuys.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

5.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Martinez Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

SP-5

APN/PARCEL ID

2522-014-014

ASK ABOUT THIS PROPERTY

Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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