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8707 Lindley Ave 11,050 SF 100% Leased Retail Building Northridge, CA 91325 $4,500,000 ($407.24/SF) 4.63% Cap Rate
Investment Highlights
- Monument Sign Available
- Anchored by 7- Eleven
- Proforma NOI $296,898
- Corner Lot
- Proforma CAP Rate 6.597%
- 2 Curve Cuts
Executive Summary
Value-add neighborhood shopping center FOR SALE – Near CSUN: $4,500,000
Exceptional investment opportunity in the heart of Northridge with Proforma CAP Rate of 6.597%. This well-located neighborhood shopping center sits just half a mile from California State University, Northridge (CSUN)—one of the largest universities in California with nearly 40,000 students and faculty generating steady traffic and demand for daily-needs retail.
Positioned at the signalized northwest corner of Parthenia Street and Lindley Avenue, the property benefits from strong visibility, high vehicular traffic counts, and convenient access from both major corridors. The center totals approximately 11,050 square feet of building area, situated on a 19,166-square-foot lot, offering an efficient site layout and excellent curb appeal.
The property includes 20 on-site parking spaces, providing ample customer parking and enhancing the shopping center’s accessibility. Surrounded by dense multifamily housing—including a high concentration of student-oriented residential communities—the location supports a consistent consumer base year-round.
Exceptional investment opportunity in the heart of Northridge with Proforma CAP Rate of 6.597%. This well-located neighborhood shopping center sits just half a mile from California State University, Northridge (CSUN)—one of the largest universities in California with nearly 40,000 students and faculty generating steady traffic and demand for daily-needs retail.
Positioned at the signalized northwest corner of Parthenia Street and Lindley Avenue, the property benefits from strong visibility, high vehicular traffic counts, and convenient access from both major corridors. The center totals approximately 11,050 square feet of building area, situated on a 19,166-square-foot lot, offering an efficient site layout and excellent curb appeal.
The property includes 20 on-site parking spaces, providing ample customer parking and enhancing the shopping center’s accessibility. Surrounded by dense multifamily housing—including a high concentration of student-oriented residential communities—the location supports a consistent consumer base year-round.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
11,050 SF
Building Class
C
Year Built
1986
Price
$4,500,000
Price Per SF
$407.24
Cap Rate
4.63%
NOI
$208,406
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.44 AC
Zoning
LAC2
Parking
18 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2769-019-044 | Improvements Assessment | $1,708,225 |
| Land Assessment | $2,009,680 | Total Assessment | $3,717,905 |
Property Taxes
Parcel Number
2769-019-044
Land Assessment
$2,009,680
Improvements Assessment
$1,708,225
Total Assessment
$3,717,905
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8707 Lindley Ave
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