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Walgreens 18568 Ventura Blvd 10,268 SF Retail Building Tarzana, CA 91356 $7,585,000 ($738.70/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Walgreens with a Strong and Stable Income Stream
EXECUTIVE SUMMARY
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 18568 Ventura Boulevard, a 10,268 SF single tenant absolute NNN Walgreens situated on a total of 0.76 acres of land comprised of two separate parcels, a 13,811 SF front parcel zoned C2-1VL and a 19,363 SF rear parcel zoned R1-1, separated by an alley, for a total of 33,174 SF. The subject property is ideally positioned on the corner of Ventura Boulevard & Mecca Street in the affluent San Fernando Valley submarket of Tarzana, CA.
PROPERTY FACTS In Escrow
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,268 SF
Building Class
C
Year Built
2007
Price
$7,585,000
Price Per SF
$738.70
Cap Rate
7.25%
NOI
$549,913
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.76 AC
Zoning
C2, Los Angeles - Commercial
Parking
48 Spaces (4.67 Spaces per 1,000 SF Leased)
AMENITIES
- Car Charging Station
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,000,387 | |
| Land Assessment | $6,733,010 | Total Assessment | $10,733,397 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,733,010
Improvements Assessment
$4,000,387
Total Assessment
$10,733,397
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Walgreens | 18568 Ventura Blvd
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