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Auto Service - Gas-Conv

Rich Group Collision Center

7243 Woodley Ave, Van Nuys, CA 91406

Listing Price: $2,555,000

Cap Rate
6.75%
Tenant Name
Rich Group Collision Center
Years Remaining On Lease
3.1
Guarantor
No Guarantee
Rentable SF
4,000
Lease Type
Modified Gross
Rent Per Square Feet
$52.75

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 7243 Woodley Avenue in Van Nuys. This fully leased single-tenant automotive site totals approximately 4,000 square feet and is situated on 0.17 acres of LAC2-zoned land. This offering represents a rare opportunity for an investor in the highly sought-after Van Nuys area. Newly renovated in 2023, the property features five ground-level doors, 12’ clear height, and an improved second floor office. A fully paved and gated lot with multiple entry points provides attractive maneuverability. The property also offers 60 feet of frontage along Woodley Avenue, providing excellent visibility and accessibility in a highly trafficked corridor (Woodley Ave 23,194 VPD & Sherman Way 41,215 VPD). The building is currently 100% occupied by Rich Group Collision Center, a respected and well-established auto body repair shop serving the San Fernando Valley; who has completed substantial renovations since the start of their lease, indicating a long-term commitment to remaining at the property.

Investment Highlights

  • 4,000-Square-Foot Single Tenant Automotive Site Situated on 0.17 Acres
  • Newly Renovated in 2023 with 12' Clear Height, Five (5) Ground Level, and Improved Second Floor Office
  • Five-Year Lease to Rich Group Collision Center with Attractive $6,000 Annual Rent Escalations
  • Strategically Located Blocks Away from Van Nuys Airport in the Desirable Lake Balboa Area
  • Tight Barrier-to-Entry Submarket with 5% Vacancy (CoStar)

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Rich Group Collision Center

Listing Price: $2,555,000

Cap Rate
6.75%
Tenant Name
Rich Group Collision Center
Years Remaining On Lease
3.1
Guarantor
No Guarantee
Rentable SF
4,000
Lease Type
Modified Gross
Rent Per Square Feet
$52.75

Investment Highlights

  • 4,000-Square-Foot Single Tenant Automotive Site Situated on 0.17 Acres
  • Newly Renovated in 2023 with 12' Clear Height, Five (5) Ground Level, and Improved Second Floor Office
  • Five-Year Lease to Rich Group Collision Center with Attractive $6,000 Annual Rent Escalations
  • Strategically Located Blocks Away from Van Nuys Airport in the Desirable Lake Balboa Area
  • Tight Barrier-to-Entry Submarket with 5% Vacancy (CoStar)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 7243 Woodley Avenue in Van Nuys. This fully leased single-tenant automotive site totals approximately 4,000 square feet and is situated on 0.17 acres of LAC2-zoned land. This offering represents a rare opportunity for an investor in the highly sought-after Van Nuys area. Newly renovated in 2023, the property features five ground-level doors, 12’ clear height, and an improved second floor office. A fully paved and gated lot with multiple entry points provides attractive maneuverability. The property also offers 60 feet of frontage along Woodley Avenue, providing excellent visibility and accessibility in a highly trafficked corridor (Woodley Ave 23,194 VPD & Sherman Way 41,215 VPD). The building is currently 100% occupied by Rich Group Collision Center, a respected and well-established auto body repair shop serving the San Fernando Valley; who has completed substantial renovations since the start of their lease, indicating a long-term commitment to remaining at the property.

Exclusively Listed By

Financing By

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