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7217 Reseda Boulevard
Reseda, CA 91335

Price: $2,095,000 Zoning: C2-2D-CDO
Bldg SF: 6,206 SF Price/SF: $338
Land SF: 11,371 SF Occupancy: 100%
Year Built:  1951 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

Address: 7217 Reseda Boulevard, Reseda, CA 91335
Price: $2,095,000
Bldg SF: 6,206 SF
Land SF: 11,371 SF
Year Built: 1951
Price/SF: $338
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

STABLE AND SECURE INCOME STREAM WITH SIGNIFICANT RENTAL UPSIDE
• 100% occupied property
• NNN Leases
• Rental Increases
• Seasoned tenant mix with 5-year average length of occupancy
• Significant upside potential in bringing current leases to market rents
• Current rents average $1.49 per SF
• Excellent signage with extra income generated from the billboard

EXCELLENT SAN FERNANDO VALLEY LOCATION
• Ideally located just South of the northwest signalized corner of Reseda Boulevard and Sherman Way
• Highly walkable location with heavy foot traffic with a walk score of 83/100 (very walkable)
• 75 feet of frontage on Reseda Boulevard
• Land is zoned C2
• Tier 2 TOC

EXCELLENT OWNER-USER OPPORTUNITY
• 48% of the current leases are month-to-month
• A Buyer can occupy a portion of the property and benefit from cash flow from the other units and billboard

STRONG IMMEDIATE DEMOGRAPHICS
• Over 639,000 people within a five-mile radius
• Average household income of $87,086 within a five-mile radius
• Average household income of $69,205 within a one-mile radius