Vacant-User
14520 Delano Street
14520 Delano St, Los Angeles, CA 91411
Listing Price: $2,500,000
Investment Overview
Marcus & Millichap is pleased to present a rare opportunity to acquire a highly desirable single tenant automotive-use commercial building located in the city of Van Nuys (Los Angeles). The tenant, T&A Collision Center is on an Absolute NNN lease with its initial term expiring on May 31, 2028. Coupled with rental increases every three years (based on CPI) and two-(five) year options at Fair Market Value, the investment provides investors with long term stability and hedges against inflation with an essential use tenant.
In addition, 14520 Delano Street comes equipped with a fully permitted spray booth that will be transferred to new ownership. The subject property comprises of approximately 5,000 square feet of building situated upon 7,544 square feet of land.
Strategically located on Delano Street and Van Nuys Boulevard, the site benefits from a combined 59,439 cars per day, less than two miles from the 405 free way and located in a highly dense trade area. Affluent three-mile Demographics, 291,761 population and an average household income of $97,757.
14520 Delano Street
Investment Highlights
- Over Four Years Remaining on Fee-Simple Absolute NNN Lease
- Zero Landlord Responsibilities – Essential Use – Pandemic &Recession Resistant
- Attractive CPI Rental Increases Every Three Years – Healthy Hedge Against Inflation
- Spray Booth Equipped – Four Roll Up Doors – High Ceilings
- Variety of Allowable Automotive / Industrial Uses – Los Angeles City [Q] C2-1VL -CDO
- Affluent Three-Mile Demographics: 282,906 Population and Average Household Income of $97,757
- Highly Desirable Auto Body Shop Use in High Barrier to Entry Market of Van Nuys / San Fernando Valley (Los Angeles)
Exclusively Listed By
Financing By
Listing Price: $2,500,000
Investment Highlights
- Over Four Years Remaining on Fee-Simple Absolute NNN Lease
- Zero Landlord Responsibilities – Essential Use – Pandemic &Recession Resistant
- Attractive CPI Rental Increases Every Three Years – Healthy Hedge Against Inflation
- Spray Booth Equipped – Four Roll Up Doors – High Ceilings
- Variety of Allowable Automotive / Industrial Uses – Los Angeles City [Q] C2-1VL -CDO
- Affluent Three-Mile Demographics: 282,906 Population and Average Household Income of $97,757
- Highly Desirable Auto Body Shop Use in High Barrier to Entry Market of Van Nuys / San Fernando Valley (Los Angeles)
Investment Overview
Marcus & Millichap is pleased to present a rare opportunity to acquire a highly desirable single tenant automotive-use commercial building located in the city of Van Nuys (Los Angeles). The tenant, T&A Collision Center is on an Absolute NNN lease with its initial term expiring on May 31, 2028. Coupled with rental increases every three years (based on CPI) and two-(five) year options at Fair Market Value, the investment provides investors with long term stability and hedges against inflation with an essential use tenant. In addition, 14520 Delano Street comes equipped with a fully permitted spray booth that will be transferred to new ownership. The subject property comprises of approximately 5,000 square feet of building situated upon 7,544 square feet of land. Strategically located on Delano Street and Van Nuys Boulevard, the site benefits from a combined 59,439 cars per day, less than two miles from the 405 free way and located in a highly dense trade area. Affluent three-mile Demographics, 291,761 population and an average household income of $97,757.
Exclusively Listed By
Financing By
