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8420-8440 Balboa Blvd
Northridge, CA 91325
The Mix · Retail Property For Sale
Investment Highlights
- Core Infill Los Angeles Location
- Ideal 1031 Exchange Opportunity
- Strong Real Estate Fundamentals
Executive Summary
Newmark Pacific, as exclusive advisor, is pleased to present the opportunity to acquire the retail component of The Mix, an amenity-rich, two-building strip retail opportunity in Northridge, a prime San Fernando Valley submarket. Delivered in 2018 to institutional standards, the Property totals 17,410 square feet across 2.12 acres and is 85.4% leased to a nationally recognizable, credit-anchored lineup including Chipotle, Jersey Mike’s, Five Guys, Blue Palms Brewhouse, AhiPoki Bowl, Makenna Koffee, and Euphoria Urbana Cocina. The offering benefits from proximity to major employment nodes, California State University Northridge (CSUN), and immediate connectivity to I-405, SR-118, and US-101.
Stable existing tenancy, vacancy upside, and strong real estate fundamentals, provide a unique opportunity for a new investor to leverage today’s retail demand to enhance future cash-flow.
Stable existing tenancy, vacancy upside, and strong real estate fundamentals, provide a unique opportunity for a new investor to leverage today’s retail demand to enhance future cash-flow.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,410 SF
Building Class
B
Year Built/Renovated
2018/2020
Price
$15,600,000
Price Per SF
$896.04
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.14 AC
Zoning
LAM2
Frontage
548’ on Balboa Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Wheelchair Accessible
Property Taxes
| Parcel Number | 2689-019-017 | Improvements Assessment | $7,074,720 |
| Land Assessment | $3,329,280 | Total Assessment | $10,404,000 |
Property Taxes
Parcel Number
2689-019-017
Land Assessment
$3,329,280
Improvements Assessment
$7,074,720
Total Assessment
$10,404,000
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