6140 Lankershim blvd
NORTH HOLLYWOOD, CA 91606
PRICE
$27,850,000
BUILDING SIZE
71,320 SF
LOT SIZE
5.61 ACRES
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
4.04%
$390
$114
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present Embassy Plaza, a 71,320 SF value-add grocery anchored shopping center situated on 5.61 acres of land (244,204 SF), ideally located on the SE signalized corner of Lankershim Boulevard and Erwin Street, just south of Victory Boulevard and just north of Oxnard Street in the high growth, high demand East San Fernando Valley Submarket of North Hollywood, CA.
Embassy Plaza is an eighteen (18) unit grocery anchored shopping center anchored by Superior Grocers. The property is currently 67% occupied by a mix of retail tenants with a well-seasoned existing tenant base averaging almost fourteen (14) years of successful operations at this location on NNN leases.
Embassy Plaza is located at the SE signalized corner of Lankershim Boulevard & Erwin Street, centrally positioned in North Hollywood less than one (1) mile to the on and off ramps of the 170 Freeway via Oxnard Street. The property enjoys unparalleled visibility, with frontage along Lankershim Boulevard (~740’) to the west, Erwin Street to the north (~530’), and Beck Avenue (~550’) to the east.
Embassy Plaza is well positioned on a large underlying parcel of land totaling 5.61 acres, or 244,204 SF. As such, the property is uniquely positioned with long-term redevelopment opportunities. The property is currently split zoned [Q]C2-1VL and P-1VL with an underlying Highway Oriented and Neighborhood Office Commercial land designation.