This Retail Property is Off-Market.

7236 Reseda Blvd
Reseda, CA 91335 ·

6,480 SF · Retail For Sale

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Discount Auto Service

Price N/A No. Stories 1
Building Size 6,480 SF Property on Ground Lease? Yes
Property Type Retail Year Built 1982
Property Sub-type
Vehicle Related
More...
  • Retail (land)
  • Commercial/ Other (land)
  • Leased Land
Lot Size 13,534 SF
Property Use Type Vacant/Owner-User Parking Ratio 13 / 1,000 SF
Cap Rate 11.71% Zoning Description Commercial
Listing ID: 14335546 Date Created: 09/14/2005 Last Updated: 05/05/2006

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.

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

Research

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

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