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6367-6377 Van Nuys Boulevard
Van Nuys, CA 91401

Price: $5,500,000 CAP Rate: 6.19%
Bldg SF: 17,080 SF Price/SF: $322
Land SF: 16,297 SF 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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

Price: $5,500,000
Bldg SF: 17,080 SF
Land SF: 16,297 SF
Price/SF: $322
Click to View Offering MemorandumClick to Print Offering Memorandum

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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

Investment Highlights

Prime East San Fernando Valley Signalized Corner Location

 

  • Southwest signalized corner of Van Nuys Boulevard and Victory Boulevard
  • High daily traffic counts along two major San Fernando Valley retail thoroughfares
  • Daily traffic counts exceeding 68,000 vehicles per day total
  • 105 feet of frontage on the highly trafficked Van Nuys Boulevard, which sees traffic counts north of 34,300 vehicles per day
  • 155 feet of frontage on Victory Boulevard which also sees north of 34,000 vehicles per day
  • Less than four miles from the Van Nuys Airport, and less than two miles from the Sepulveda Basin Recreation Area which features neighborhood amenities such as multiple golf courses, swan boat rentals, a baseball diamond, and soccer field
  • Multiple national retailers in the immediate area, including Chase Bank, Subway, 7-Eleven, Wells Fargo, 99 Cents Only, McDonalds, and El Pollo Loco

 

100% Leased Multi-Tenant Street Retail

 

  • Three retail buildings totaling 17,080 square feet on a total of 16,297 square feet of the land
  • Current rents average $1.88 per square foot
  • 6377 Van Nuys Boulevard is 5,080 square feet of building located on 5,688 square feet of land
  • 6371 Van Nuys boulevard is 7,200 square feet of building located on 6,732 square feet of land
  • 367 Van Nuys Boulevard is 4,800 square feet of building located on 3,877 square feet of land
  • The property is currently 100% occupied by a diverse mix of local and national tenants that ideally serve the dense immediate population

 

Located in the Van Nuys Submarket, which is Undergoing Significant Changes

 

  • 6600 Van Nuys Boulevard is a five-story 54-unit development project. The project will feature a mix of one- and two-bedroom units above 3,160 square feet of ground-floor retail space, in addition to subterranean parking for 76 vehicles. The project will feature amenities for its residents such as outdoor decks and a community room
  • The Alexan NoHo West development project is located less than 3.5 miles from the subject property. The project will be comprised of two buildings featuring 644 total residential units with 190,000 square feet of retail and restaurant space, 500,000 square feet of office space, and a 2,600-car parking garage
  • The 13724 Victory Boulevard development project is located one mile from the subject property. The five-story project will feature 67 one-, two-, and three-bedroom units above 2,100 square feet of ground-floor retail and parking for 80 vehicles
  • The planned San Fernando Valley Light Rail Line will run approximately 9.2 miles and will be located largely within the median of Van Nuys Boulevard. The project will efficiently connect the East San Fernando Valley

 

Dense Immediate Population with Strong Underlying Demographics

 

  • There are over 50,600 people located within one mile of the property, 321,400 within three miles of the property, and 742,200 within five miles of the property
  • There are over 16,000 households located within one mile of the property, 111,600 within three miles of the property, and 248,600 within five miles of the property
  • Average household income surpasses $66,600 within one mile of the property, $89,600 within three miles, and $96,300 within five miles of the property