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Reseda Square – 6100 Reseda Boulevard
Tarzana, CA 91356

Price: $4,900,000 Zoning: C2-1VL-RIO; P1-1VL-RIO
Bldg SF: 11,100 SF Price/SF: $441
Land SF: 26,218 SF Occupancy: 100%
TOC: Tier 3 CAP Rate: 5.0%
Click To View Offering MemorandumClick To Print Offering Memorandum

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

Address: Reseda Square – 6100 Reseda Boulevard, Tarzana, CA 91356
Price: $4,900,000
Bldg SF: 11,100 SF
Land SF: 26,218 SF
CAP Rate: 5.0%
Price/SF: $441
Occupancy:  100%
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 Strip Center with Strong Underlying Fundamentals

 

  • 100% Occupied

  • NNN Leases

  • Corner Location

  • Current Rents average $1.84 per SF

  • Minimal rental downside with strong rental upside

  • Ideal unit sizes averaging 1,000 square feet

  • Minimal bay depths

 

Unique Tarzana Corner Strip Center with Strong Operating History

 

  • 38 parking spaces, a parking ratio of 3.42 per 1,000

  • Excellent visibility and frontage

  • Historically 100% Occupied

  • Minimal tenant improvement costs between tenants

  • High Daily traffic counts with over 35,000 vehicles per day

  • Strong daily foot traffic

  • Very walkable with a walk score of 80/100

 

Ideal Covered Land or Re-Development Opportunity

 

  • 26,205 square feet of land zoned C2-1VL-RIO

  • Tier 3 TOC

  • Prime location directly across from the Metro G Line Orange Line Busway Station

  • Ideal for multi-family development

 

Excellent Tarzana, CA Location

 

  • High-end sub-market with dense immediate population

  • Over 40,000 people within one0mile of Reseda Square

  • Close proximity to the 101 Freeway, Providence Tarzana Medical Center, Ventura Boulevard, executive housing, and multiple restaurants, shopping, and entertainment amenities

  • Average income over $98,000 in the immediate area

  • Median home value of $619,828