6371-6377 Van Nuys Blvd
Van Nuys, CA 91401
T-Mobile Storefront - MAJOR PRICE REDUCTION! · Retail Property For Sale

NOTE: Property Address is 6371-6377 Van Nuys Boulevard & 14504-14508 Victory Boulevard. 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 5.9% 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 6.7%. 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.