College Block Shopping Center

College Block Shopping Center | Northridge, CA


Sands Investment Group is Pleased to Exclusively Offer For Sale the 15,165 SF College Block Shopping Center With an Adjacent 1.05 Acre Pad at the Signalized Northeast Corner of Reseda Boulevard & Vincennes Street in Los Angeles (Northridge), CA. This Investment Includes a 100% Occupied “Daily Needs” Retail Center With Strong Increases and Significantly Below Market Rents. There is an Additional Value-Add Opportunity By Developing the Vacant 1.05 Acre Corner. Situated One Block From California State University Northridge, With Over 36,000 Students, This Investment Offers a Generational Opportunity to Acquire a True Value-Add Development Opportunity With Stable Cash Flow.

100% OCCUPIED – VALUE-ADD RETAIL CENTER WITH VACANT PAD DEVELOPMENT OPPORTUNITY:

  • Generational Opportunity to Purchase a True “Value-Add” Retail Center in Infill Los Angeles (Northridge)
  • Strong Mix of National and Regional Tenants Providing Security to New Investors Through Tenant Synergy and Diversity
  • 100% Occupied Center, Featuring 15,156 SF Leased to 10 Tenants With Low Historical Vacancy
  • Majority of Tenants Feature Significantly Below Market Rents, Providing a Value-Add Opportunity in the Near Future
  • Extremely Strong Rental Growth, Providing Hedge For Inflation – Majority of Tenants Have Annual 3% Rental Increases
  • Property Includes an Adjacent Vacant 1.05 Acre Parcel, Offering an Investor an Additional Development Opportunity

EXCELLENT REAL ESTATE FUNDAMENTALS AND OUTSTANDING RETAIL LOCATION:

  • Located One Block From California State University Northridge – One of the Largest Universities in the Nation With Over 36,000 Students
  • Situated at a High-Traffic Intersection (Approximately 39,000 VPD at Reseda Boulevard)
  • Extremely Dense Trade Area With Over 109,000 Residents Within a 3-Mile Radius
  • Affluent Trade Area Over $128,000 Average Household Income Within a 3-Mile Radius
  • Additional Co-Tenants and Area Retailers Include: Starbucks, Chipotle, Target, Trader Joe’s (Coming Soon) and Many Others, Driving Potential Customer Business to the Subject Property

In Cooperation With Sands Investment Group, Inc – Lic. #1768950

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LA Fitness | Northridge, CA


Sands Investment Group is pleased to present this long term net lease investment opportunity. The LA Fitness is located at 8400 Balboa Blvd in Northridge, California, in the heart of the San Fernando Valley.

NEWLY CONSTRUCTED OUTPARCEL ANCHORED BY LEADING HIGH TECH COMPANIES

  • Long-term credit net lease – Brand new 15 year lease with minimal Landlord responsibilities

STRONG HEDGE AGAINST INFLATION

  • Market leading increases at 12% every 5 years during the initial term and throughout the options

SIGNIFICANT NOI GROWTH

  • With embedded rent increases throughout the lease term, the NOI is projected to grow more than $285,000 (21%) over the life of the lease

INTERNET RESISTANT TENANT

  • Health club industry revenue has doubled in the last 10 years

DELIVERED FREE & CLEAR

  • The property will be delivered with no debt, allowing seller to accommodate 1031 trade buyers in need of a quicker closing to meet tight exchange timeframes

RARE GENERATIONAL OPPORTUNITY

  • The property is anchored by some of the top high-tech companies in the country including: Harman (subsidiary of Samsung) and other household name high-tech companies
  • Adjacent to existing creative office/industrial campus that will include over 3,500 daytime employees on site once complete, as well as a full compliment of restaurants

NATIONAL COMPANY LEADING INDUSTRY EXPERIENCE

  • Nation’s largest health club brand – LA Fitness is recognized as one of the leading fitness clubs throughout the country with over 800 locations in the United States and Canada
  • LA Fitness has the highest revenues ($1.9212 billion) of any health club in America and has a long term track record of international expansion

AFFLUENT DENSE LOS ANGELES MSA DEMOGRAPHICS

  • 3-Mile radius: 292,586 people with an average HH income of $74,490
  • 5-Mile radius: 709,337 people with an average HH income of $81,845
  • 10-Mile radius: 1,563,629 people with an average HH income of $92,985

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