Property Details
For Sale
Pride of Ownership
Ideal for Owner-User or Investor
8,000 Square Foot Building
12,625 Square Feet of Land
Zoned LAC2 (Retail/Office)
Listed at $2,500,000
Two (2) story retail/office building 100% occupied by Contractors State License Schools for the past 10 years. Tenant is the #1 California Contractors Exam Prep School with thirty-two (32) locations scattered throughout Northern and Southern California. They recently exercised their five (5) year option which extends their tenancy until September 2025. Landlord is only solely responsible for the roof which was completely replaced in 2019. The property can be purchased as Investment that provides a healthy annual triple net return or an Owner-User who could occupy the building after the expiration of the lease.
Busy Sepulveda Boulevard in the heart of Van Nuys within close proximity to Sherman Oaks, the 405 and 101 Freeways, Costco, Target, Staples, and several other National Retailers. In addition, there are a number of projects currently underway along with a slew of others planned for the future. This is an area poised for growth and become more and more valuable in the years to come.
Highlights
- Triple Net Rental Income
- Great Signage and Exposure
- Credit Tenant with 32 Locations
- Growth Area/Unlimited Potential
For more information or to schedule a showing, please contact Jon or Camille Paley.