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Shopping Strip

6020 Canoga Ave

6020 Canoga Ave, Woodland Hills, CA 91367

Listing Price: $5,500,000

Cap Rate
6.35%
Gross SF
4,896
Rentable SF
4,896
Price/Gross SF
$1,123.37
Lot Size
0.04 acres
Year Built
1978

Investment Overview

6020 Canoga Ave is improved with a 4,896 SF building currently 100% occupied by Tomoya Sushi & Izakaya and Premier America Credit Union on NNN leases. The tenants have a long track record of success at this location with more than thirteen (13) and twenty-three (23) year operating history, respectively. In addition to their thirteen and a half year track record at the site, Tomoya Sushi & Izakaya’s just renewed their lease for an additional five years. through July, 2029. The two tenants have an average remaining lease term of 5.2 years, creating a stable and secure income stream in an irreplacable Warner Center location. The property’s monthly rent is $29,121 ($5.39/SF) plus NNN, and both tenants
have annual 3% rent increases through the duration of their leases.

Investment Highlights

  • Freestanding Two Tenant NNN Retail in Prime Warner Center, CA Location
  • 100% Occupied on NNN Leases – Leased to Tomoya Sushi & Izakaya and Premier America Credit Union on NNN leases
  • Seasoned Tenancy - Average history of occupancy of 18.2 years; Tomoya Sushi has occupied the property since 10/15/2010 (13.4 years) and Premier America Credit Union since 4/17/2001 (22.9 years)

Exclusively Listed By

Financing By

Shopping Strip

6020 Canoga Ave

Listing Price: $5,500,000

Cap Rate
6.35%
Gross SF
4,896
Rentable SF
4,896
Price/Gross SF
$1,123.37
Lot Size
0.04 acres
Year Built
1978

Investment Highlights

  • Freestanding Two Tenant NNN Retail in Prime Warner Center, CA Location
  • 100% Occupied on NNN Leases – Leased to Tomoya Sushi & Izakaya and Premier America Credit Union on NNN leases
  • Seasoned Tenancy - Average history of occupancy of 18.2 years; Tomoya Sushi has occupied the property since 10/15/2010 (13.4 years) and Premier America Credit Union since 4/17/2001 (22.9 years)

Investment Overview

6020 Canoga Ave is improved with a 4,896 SF building currently 100% occupied by Tomoya Sushi & Izakaya and Premier America Credit Union on NNN leases. The tenants have a long track record of success at this location with more than thirteen (13) and twenty-three (23) year operating history, respectively. In addition to their thirteen and a half year track record at the site, Tomoya Sushi & Izakaya’s just renewed their lease for an additional five years. through July, 2029. The two tenants have an average remaining lease term of 5.2 years, creating a stable and secure income stream in an irreplacable Warner Center location. The property’s monthly rent is $29,121 ($5.39/SF) plus NNN, and both tenants have annual 3% rent increases through the duration of their leases.

Exclusively Listed By

Financing By

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