Close to 101 & 118 Freeways
4,500 Square Foot Retail Space
16,631 Square Feet of Land
Top Dollar Lease Rate
Close Proximity to Warner Center
Paley Commercial Real Estate is proud to announce that 7507 Topanga Canyon Boulevard in Canoga Park has been LEASED. The property is located on busy Topanga Boulevard one half block South of Saticoy Street. The building is conveniently located within close proximity to the 118 and 101 Freeways, as well as the ever-expanding Warner Center. Neighboring tenants include Walgreens, Shell, and T-Mobile. This retail location has excellent frontage and would be a great sign opportunity for any tenant. There is an ample private gated parking lot in rear, as well as plenty of street parking.
The Landlord reached out to Paley Commercial for help after nearly a year of having the property listed “For Lease” with another broker who was located outside of the area. Because of our reputation as a San Fernando Valley specialist and our office being located right down the street from the property, Paley Real Estate was the clear choice to get the property LEASED. Our office was able to make some recommendations to the Owner to give the space a cleaner and fresher appearance in order to make it more attractive to potential tenants. These small improvements helped the presentation of the space tremendously and attracted many new prospects to pursue. After having the property listed for a short few months, Paley Commercial was able to locate an existing theater business that had just ended a lease down the street. Within a week our office was able to produce an expertly drafted Lease and get the tenant into the property with no improvement costs to the Landlord. Due to our expert negotiating skills, Paley Real Estate was able to get the Landlord a long-term lease at above market rent. The Landlord was extremely pleased with the outcome because he plans on holding the property to generate income.
This deal is a prime example of Paley Commercial Real Estate’s infallible vetting process. When acquiring a lease listing the first thing our office does is market to existing tenants in the area by in person visits, mailings, and cold calls. We inquire if the tenant is looking to expand or contract, needs additional locations, or if their lease is coming to an end. Using this method provides us with a great start to locating a tenant because it is always best to lease to a business that has experience and is not just starting off. After finding an interested party our next step is to check references and see if there is any history of eviction. Finally, we check the tenant’s credit. If everything looks acceptable, we begin the negotiating and lease drafting process. We always make sure that the lease has a personal guarantee in order to avoid any complications down the line. This multi-step process ensures that the Landlord and Tenant start off on the right foot and that the business will be successful at the subject property.
If you are struggling with a vacancy issue contact Paley Commercial Real Estate in Woodland Hills. We will provide the tools and expertise to get your property leased out quickly and efficiently.