Historical Retail Sale Listing - Discount Auto Service

Retail For Sale

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Discount Auto Service

7236 Reseda Blvd, Reseda, CA 91335

N/A

6,480 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
6,480 SF
Property Type:
Retail
Property Sub-type:
Vehicle Related
Additional Sub-types:
Retail (land)
Commercial/ Other (land)
Leased Land
Property Use Type:
Vacant/Owner-User
Cap Rate:
11.71%
No. Stories:
1
Property on Ground Lease?:
Yes
Year Built:
1982
Lot Size:
13,534 SF
Parking Ratio:
13 / 1,000 SF
Zoning Description:
Commercial
Listing ID
14335546
Last Updated
over 1 year ago

Highlights

  • Lots of exposure in high traffic area
  • Great for owner/user business
  • Low maintenance
  • Easy to manage
  • Existing Spray Booth with permit
  • Part of refurbishment project

Description

Discount Auto Service -
This is a leasehold interest offered for sale and is subject to a 17 year remaining lease term. The annual ground rent is $54,636 and is adjusted every three years by the C.P.I. index. The property consists of six units with 9 bays, spray booth, and a 120 gallon compressor. The property is fully occupied and the tenants do a variety of auto machanic work and have one to two year remainin leases.

Discount Auto Service is included in the Reseda Commercial Facade Project of the CRA/LA and has been approve to undergo a Facade refurbishment very soon. It is located near a very busy intersection, two doors North of Sherman Way on Reseda Boulvard, in Reseda. It has great exposure and benefits from heavy traffic in the area ranging from over 15,400-17,300 in that intersection daily.

Map of 7236 Reseda Blvd, Reseda, CA 91335 (Los Angeles County)

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