6450 Bellingham Ave 10,500 SF 63% Leased Retail Building North Hollywood, CA 91606 $2,650,000 ($252.38/SF) 3.94% Cap Rate

NAI CAPITAL COMMERCIAL IS PLEASED TO PRESENT 6450 BELLINGHAM AVE, a nicely maintained neighborhood commercial building in prime North Hollywood. The approximately 10,500 SF asset consists of two stories of office over retail, with a total of seven tenant suites. The in-line building rests near the corner of
Bellingham Ave and Hamlin St, and enjoys the benefits of being positioned within the larger plaza association, consisting of Target, Ross, Burlington, The US Postal Service, and a wide variety of local retailers.
6450 Bellingham is ideally located within the heart of North Hollywood, one of the San Fernando Valley’s most up and coming areas. The property is located directly off the 170 Freeway just a few blocks west of the NoHo Arts District, and less than one mile from NoHo West, which features 470 living units, 500,000 SF of office space and 190,000 SF of retail. In addition, the property is located within a Qualified Opportunity Zone, making it an ideal opportunity for future development.
With short term leases in place, the property offers incredible flexibility to a new owner user to occupy up to within the first year of ownership, while enjoying the benefit of income from the remaining tenants. Qualifying owner users seeking to occupy 51% or more of the building can obtain SBA financing with as little as 10% down payment.