6371-6377 Van Nuys Blvd
Van Nuys, CA 91401
T-Mobile Retail Strip Center · Retail Property For Sale
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Signalized Intersection
- Air Conditioning
About 6371-6377 VAN NUYS BLVD , VAN NUYS, CA 91401
*NOTE: Property address is 6371-6377 Van Nuys Boulevard & 14504-14508 Victory Blvd 6371-6377 Van Nuys Boulevard consists of 2 contiguous lots with a total of 12,420 lot SF located on one of the busiest signalized corners in the San Fernando Valley. The total building consists of approximately 13,037 SF with a total of 6 Tenants including T-Mobile's top producing flagship store as the anchor tenant and a fitness center as the largest tenant on a 10 year lease. At 81% occupancy (2,373 SF vacant), the going-in CAP rate is 5% with additional upside potential by vacancy absorption at market rent of $1.95/SF NNN. This property offers an ideal owner/user retail location or investment opportunity for a savvy Investor to re-lease the vacant units with an estimated pro forma CAP rate of 5.8%. Additionally, the subject property is situated in the Van Nuys Enterprise Zone and offers numerous business incentives for operators which also includes parking access at a nearby adjacent city parking lot. *Please DO NOT Disturb Tenants. Contact Eli Eliav at 818.386.0900 for more information or to inquire about property tours.
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,956,543 | |
| Land Assessment | $1,971,026 | Total Assessment | $4,927,569 |
Property Taxes
