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Browse More Listings in Shopping Center For Sale, Granada Hills, CA or California

Shopping Center - Off Market

Granada Hills Walgreens/Staples

17020 Chatsworth Street, Granada Hills, CA 91344

Price:
N/A
Gross Leasable Area:
39,905 SF
Property Type:
Shopping Center
Property Sub-type:
Neighborhood Center
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
6.23%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1959
Lot Size:
2.98 AC
Parking Ratio:
4.50 / 1,000 SF

Last Verified 9/23/2009 Listing ID 16271302

Highlights

Tenants on Long Term leases with options
Densely populated area
Located on signalized hard corner with high traffic counts

Bumps in rents every 5 years for Staples & El Pollo Loco
Major rennovations in 1999-2000
Actual Cap Rate 6.23%

Description

We are pleased to announce this great opportunity for an astute investor to acquire this stabilized shopping center in a densely populated region of the San Fernando Valley. The center consists of three tenants (Walgreens, Staples and El Pollo Loco). Walgreens and Staples are on NN leases and El Pollo Loco is on a NNN lease. Staples and El Pollo Loco are due for increases in 2010, while Walgreens in on a fixed lease with a percentage clause. The property although built in 1959, went under major rennovation between 1999-2000. The total rentable square footage is 39,905 and is situated on a lot size of 2.98 acres. Seller is extremely motivated and would like to see ALL OFFERS!! Please call or email agent for further details

The property is located on the signalized corner of Balboa and Chatsworth. The location provides easy access to the center from both streets with open medians allowing traffic to access the center in any direction. The location provides easy access to the 405, 5, 101, 118, 170, 210, 10 & 110 freeways.

Map of 17020 Chatsworth Street, Granada Hills, CA 91344 (Los Angeles County)

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Created 6/9/2009

Additional Information for 17020 Chatsworth Street, Granada Hills, CA 91344

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 4 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 17020 Chatsworth Street, Granada Hills, CA 91344

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SWC of Devonshire & Balboa
$2.50/SF/Month
1,050 SF

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Granada Hills Walgreens/Staples

17020 Chatsworth Street, Granada Hills, CA, 91344