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11212-11220 Vanowen Street
North Hollywood, CA 91606

Price: $1,550,000 Zoning: C2-1VL
Bldg SF: 7,850 SF Price/SF: $197
Land SF: 21,011 SF CAP Rate: 4.16%
TOC:  Tier 1 Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Price: $1,550,000
Bldg SF: 7,850 SF
Land SF: 21,011 SF
Current CAP Rate: 4.16%
Price/SF: $197
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

MULTI-TENANT RETAIL STRIP CENTER WITH RENTAL UPSIDE

 

  • 100% current occupancy

  • Below market rents

  • Excellent Parking

  • Parking Ratio of 3.31 per 1,000

  • Ideal for an Owner-User Buyer looking to occupy a portion of the building while concurrently generating income

 

STRONG EAST SAN FERNANDO VALLEY LOCATION IN A QUALIFIED OPPORTUNITY ZONE

 

  • Located on Vanowen Street in close proximity to Burbank Airport as well as 101 Freeway

  • Surrounding area consists of single family, multi-family apartment and industrial properties

  • 21,011 SF of land zoned C2-1VL in a Tier 1 TOC

  • Opportunity Zone presents preferential tax treatment

 

STRONG IMMEDIATE DEMOGRAPHICS

 

  • Over 280,000 people within a three-mile radius

  • Median household income of $56,000 within a three-mile radius

  • Over 103,000 daytime employees in the area

  • Traffic counts in excess of 48,000 vehicles per day