Available For Sale - Retail

7,875 SF | Show Pricing $

AVAILABILITY DETAILS

Size
7,875 SF
Price/SF
Show Pricing $
Listing ID
SA397419
Notes
NAI Capital is pleased to present a stabilized mixed-use offering at 13476 Van Nuys Blvd in the city of Pacoima. The offering consists of an approximately 7,875 SF commercial complex, including a 5,500 SF single-story retail strip center, two three-bedroom single family homes, and a billboard. It is priced at a 6.52% cap rate on current income and a 7.16% cap rate pro forma. There is future development potential for up to 41 multifamily units.



The property is fully occupied with five retail tenants and two residential tenants. It features fourteen private parking spaces, including garage parking for the residences. The billboard is on a five year lease. The city of Los Angeles limits the number of allowable billboard locations in the city, making this a rare and valuable source of future income for a new owner.



The property is priced at a 5.35% cap rate on current income, offering an immediate stabilized income stream to an incoming investor. There is also the possibility for a new owner-user to occupy some of the month to month retail suites with their own business. An owner user occupying at least 51% of the rentable building area can qualify for S.B.A. financing with as little as 10% down payment. The entire lot is zoned C2, offering future development potential to an owner who seeks to one day redevelop the approximately 16,480 SF (0.38 AC) corner. Alternatively, a investor seeking to divide the lot could sell the homes separately to capitalize on immediate upside.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Rose O'Sullivan, NAI Capital