1
1

7353 Canoga Avenue
Canoga Park, CA 91304

Price: $1,995,000 Zoning: M1-1
Bldg SF: 6,823 SF Price/SF: $292
Land SF: 11,072 SF Occupancy: Vacant
Year Built:  1951 Property Type: Retail, Office, Warehouse
Click to View Offering MemorandumClick to Print Offering Memorandum

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

Address: 7353-7355 Canoga Avenue. Canoga Park, CA 91304
Price: $1,995,000
Bldg SF: 6,823 SF
Land SF: 11,072 SF
Year Built: 1951
Price/SF: $292
Property Type: Retail, Office, Warehouse
Click to View Offering MemorandumClick to Print Offering Memorandum

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

Investment Highlights

EXCELLENT WARNER CENTER LOCATION

 

  • Located less than a mile north of Warner Center, one of Los Angeles’ largest urban development, along Canoga Avenue, a high trafficked main north/south thoroughfare through the San Fernando Valley.

  • Centralized San Fernando Valley location with excellent freeway access.

  • High daily traffic counts.

 

 MIXED-USE BUILDING ALLOWING FOR A MULTITUDE OF POTENTIAL USES

 

  • 900 square feet of ground floor retail, 2,900 square feet of highly upgraded office, and 3,000 square feet of warehouse with high ceilings.

  • High end upgrades with open floor plans, views, and second story balconies.

  • All three uses have separate access points.

 

IDEAL OWNER-USER OR INVESTMENT OPPORTUNITY

 

  • Flexibility in leases allow an Owner-User Buyer to occupy a portion or all of the building

  • Owner-User can occupy a portion of the building and generate income from the remaining tenants

 

WARNER CENTER – MULTI-BILLION DOLLAR SUB-MARKET 

 

  • Over 80,000 new jobs, 37 million square feet of business and residential buildings, 14 million square feet of non-residential building area, 200,000 residential units projected in the immediate area.

  • $1.5 billion renovation the Westfield Promenade - retail, Class A office, two hotels, 14,000 residential units, and an entertainment and sports center.

  • Uptown at Warner Center is receiving a $3 billion capital infusion to complete a mixed-use development.

  • Warner Center 2035 Specific Plan offers significant by-right development and will experience significant growth over the next decade.

 

STRONG IMMEDIATE DEMOGRAPHICS

 

  • Average household income of over $80,000 within a one-mile radius.

  • Over 450,000 people within a five mile radius.

  • Strong local economy spread over a multitude of diverse sectors.