Property Details
SOLD
Pride of Ownership
Long-Term Tenant
8,000 Square Foot Building
12,625 Square Feet of Land
Zoned LAC2 (Retail/Office)
Sold for $2,226,000
Paley Commercial Real Estate is proud to announce the sale of 6222 Sepulveda Boulevard. The two (2) story retail/office building is 100% occupied by Contractors State License Schools for the past 10 years. The 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.The property is situated on 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.
Paley Real Estate represented both Seller and Buyer in this particular transaction. Jon Paley was able to assist the Buyer in getting a loan which entailed a 90 day escrow period. The Seller is a long-time client of Paley Commercial and was extremely pleased with the ease of the whole experience provided by Jon and his staff. For more information on this transaction or questions regarding Van Nuys commercial real estate, contact Paley Real Estate Brokers-San Fernando Valley.