Investment Overview

Marcus & Millichap, as Exclusive Advisor, is pleased to present 10446 Scoville Avenue, a 4,650 square foot mixed-use retail and office building with rear single-family residence and storage building situated on 0.24 acres of land (10,559 SF), located one parcel south of the SE signalized corner of Scoville Avenue and Foothill Boulevard in Sunland, CA. 10446 Scoville Avenue is comprised of three (3) buildings: a two story, 2,400 SF mixed-use retail and office building, a 1,250 SF single family residence, and 1,000 SF storage building. Interested parties should independently verify the buildings’ square footage. Combined, the property is 39.8% occupied on short term leases, creating an immediate value-add or owner-user opportunity. While the 1,800 SF ground floor of the building is currently vacant, the 600 SF second floor of the mixed-use building is occupied paying $1,000.00 per month on a gross lease. The single-family residence is currently paying $2,500.00 per month on a gross lease. The storage building will also be delivered vacant. A value-add investor will have the ability to reposition the storage building vacancy and two-story mixed-use building with market rate paying tenants. An owner-user buyer can occupy a portion or all of the mixed-use and storage building for their own business use. The subject property is located just south of the SE signalized corner of Scoville Avenue and Foothill Boulevard, centrally positioned in Sunland, CA. Foothill Boulevard is Sunland’s primary commercial corridor connecting the region to the 210 Freeway to the west and southeast to La Crescenta, Montrose, and La Canada. Traffic counts on Foothill Boulevard exceed more than 40,000 vehicles per day. The site features more than 75 feet of frontage along Scoville Avenue providing street front access to its nine (9) dedicated and gate secured parking spaces, a parking ratio of 1.51 spaces per 1,000 SF.