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8332 Tampa Ave 6,351 SF 100% Leased Retail Building Northridge, CA 91324 $2,295,000 ($361.36/SF) 6.55% Cap Rate
Investment Highlights
- Auto Repair Center in Northridge Built in 1983
- Offered at Only $128/SF For the Lot!
- Additional Income – Billboard
- Large Lot over 17,000 SF Zoned LAC2
- Gated Center with Ample Parking
- 5 Bays – (Bay 2 Split Into 2A & 2B)
Executive Summary
8332 Tampa Ave is an Auto Repair Center in Northridge with 5 Bays + Additional Income via Billboard. The property sits on a large 17,945 SF Lot zoned LAC2! The property is gated and offers ample parking. 5 Bays Currently operating at the center with 100% Occupancy. Some bays offer lifts, office space and bathrooms. Property is secured with Security Cameras. Current rents substantially below market offering an investor stable income with major potential upside!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,351 SF
Building Class
C
Year Built
1983
Price
$2,295,000
Price Per SF
$361.36
Cap Rate
6.55%
NOI
$150,323
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.41 AC
Zoning
C-2 - Commercial
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2784-019-028 | Improvements Assessment | $738,644 |
| Land Assessment | $506,912 | Total Assessment | $1,245,556 |
Property Taxes
Parcel Number
2784-019-028
Land Assessment
$506,912
Improvements Assessment
$738,644
Total Assessment
$1,245,556
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8332 Tampa Ave
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