9420 Reseda Blvd - Department Store FOR SALE
Northridge, CA 91324 |
9420 Reseda Blvd
Northridge, CA 91324
HIGHLIGHTS
- Generational Opportunity to Purchase a True "Value-Add" Retail Center in Infill Los Angeles (Northridge)
- trong Mix of National and Regional Tenants Providing Security to New Investors Through Tenant Synergy and Diversity
- 100% Occupied Center, Featuring 15,156 SF Leased to 10 Tenants With Low Historical Vacancy
- Majority of Tenants Feature Significantly Below Market Rents, Providing a Value-Add Opportunity in the Near Future
- Extremely Strong Rental Growth, Providing Hedge For Inflation - Majority of Tenants Have Annual 3% Rental Increases
- Property Includes an Adjacent Vacant 1.05 Acre Parcel, Offering an Investor an Additional Development Opportunity
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
College Block Shopping Center | Los Angeles
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
ADD'L SUBTYPES
Restaurant, Storefront, Supermarket
TOTAL BUILDING SIZE
15165
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
52
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
2764-010-041
