7242 reseda boulevard
RESEDA, CA 91335
PRICE
$845,000
BUILDING SIZE
2,200
LOT SIZE
2,636 SF
PROFORMA
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
6.25%
$384
$321
The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively market for sale 7242 Reseda Boulevard, a 2,200 square foot single tenant retail property situated on 0.06 acres of land (2,636 square feet) just north of the NE signalized corner of Reseda Boulevard and Sherman Way in Western San Fernando Valley submarket of Reseda, CA.
7242 Reseda Boulevard will be delivered vacant allowing for an immediate owner-user or value-add opportunity. The rear surface parking has been enclosed adding an additional 1,265 SF, approximately, to the original 935 SF street front space. The two spaces have been opened up to allow the space to be used as one contiguous unit. Interested parties should independently verify the square footage of the building.
The subject property benefits from great visibility along major thoroughfare Reseda Boulevard and is well positioned just north of the NE signalized corner of Reseda Boulevard & Sherman Way, the commercial core of Reseda. Traffic counts along Reseda Boulevard exceed 32,000 vehicles per day past the property.
The property sits proximate to the San Fernando Valley’s major transit line, the Orange Busway. Reseda Station along the Busway is just 1.5 miles to the south along Reseda Boulevard. The property has alley access to a rear facing roll up door that can privately park up to four (4) cars, a parking ratio of 1.82 spaces per 1,000 SF.