5425 reseda boulevard
TARZANA, CA 91356
PRICE
$2,250,000
BUILDING SIZE
3,418 SF
OCCUPANCY
VACANT
PRICE/SF
(BLDG)
$658
LOT SIZE
5,820 SF
PRICE/SF
(LAND)
$387
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is Pleased to Present 5425 Reseda Boulevard, an approximate 3,418 square foot single tenant retail property situated on 0.13 acres of land (5,820 square feet) just north of the NW signalized corner of Reseda Boulevard and Ventura Boulevard at the signalized intersection of Reseda Boulevard and Clark Street, in Tarzana, CA.
5425 Reseda Boulevard consists of approximately 3,418 square foot street retail building located along Reseda Boulevard and a rear approximately 841 square foot storage building. The subject property is strategiclaly positioned at the signalized intersection of Reseda Boulevard and Clark Street. Currently 100% vacant, this offering provides an opportunity for a value-add investor to reposition the property with a market rate paying tenant, or the ability for an owner-user buyer to occupy the property for their own business.
The subject property benefits from excellent visibility along major thoroughfare Reseda Boulevard, with approximately 44 feet of frontage across from two (2) grocery anchored shopping centers anchored by Gelson’s and Vons. 5425 Reseda Boulevard is well positioned one parcel north of the NW corner of Reseda Boulevard & Ventura Boulevard with traffic counts in excess of 42,000 vehicles per day along both Boulevards.
5425 Reseda Blvd is less than 0.4 miles from the Providence Cedars-Sinai Tarzana Medical Center, which received a $624 million expansion for a new six-story, 223,000 square foot building, which added 190 patient rooms to the hospital. The joint venture between Providence St. Joseph Health and Cedars-Sinai expanded primary and specialty care services on the Providence Tarzana campus as well as enhanced other programs, including heart, cancer and women’s services.
BRANDON MICHAELS
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685