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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