9348 Corbin Ave
Northridge, CA 91324
Retail Property For Sale

VALUE-ADD MULTI-TENANT STRIP CENTER 62% current occupancy allows for significant upside through stabilization Strong mix of local tenants which cater to the dense immediate population Current vacant space is grandfathered in for medical use Current rents are below market, and Seller is not collecting NNN charges Upon stabilization, the center will generate a stable and secure cash flow with upside in rent in the existing tenant base EXCELLENT NORTHRIDGE LOCATION WITH SIGNIFICANT NEW DEVELOPMENT Adjacent to a brand new, 402 unit luxury apartment development and a 125 unit senior assisted living community Excellent access to the 101, 405, and 118 freeways Less than a mile from the MGA Entertainment Campus, a 1.2 million square foot development with 660 apartment units Within close proximity to Cal State Northridge, Metro Line 243, and the Northridge Metrolink Strong immediate population growth has created an increased demand in the immediate area for residential, which creates upside potentials for retail rents DENSE LOS ANGELES COUNTY SUBMARKET Strong local residential market with multi-million dollar homes, trendy restaurants and a plethora of national retailers Significant growth projections and new developments in the immediate and surrounding areas