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Vacant-User

11460 Porter Ranch Dr

11460 Porter Ranch Dr, Porter Ranch, CA 91326

Listing Price: $8,950,000

Cap Rate
12.76%
Gross SF
47,566
Rentable SF
47,566
Price/Gross SF
$188.16
Lot Size
4.15 acres
Year Built
1999

Investment Overview

A prime 47,566 square foot retail building ideally located in the Porter Ranch Town Center, one of the dominant Power Centers in the West San Fernando Valley and the home to a strong mix of national credit tenants with excellent freeway signage and direct freeway access. Marcus & Millichap has been selected to exclusively represent for sale 11460 Porter Ranch Drive, a 47,566 square foot retail building ideally situated on 180,888 square feet of land along Porter Ranch Drive just north of Rinaldi Street in the Porter Ranch Town Center. The subject property has a total of 224 parking spaces, a parking ratio of 4.71 parking spaces per 1,000 square feet. The subject property is ideally located directly off California State Route 118 Freeway, ideally serving the local residents in the immediate area. The Porter Ranch Town Center is a 560,000 square foot dominant power center in the West San Fernando Valley and a part of the Porter Ranch Master Planned Community with immediate access from the 118 freeway. The center is full of major anchor tenants, including Walmart, Jo-Ann Fabrics, CVS, Ralphs, Burlington, Party City, and Petco, and in addition, is home to several national credit tenants and restaurants including In-N-Out Burger, Starbucks, Wells Fargo Bank, Chase Bank, Islands, TGI Fridays, and Souplantation. The subject property is the only major vacancy within the Porter Ranch Town Center. The space can made divisible, creating a unique value-add or owner-user opportunity. An investor would have the opportunity to lease up and stabilize the property, while an owner-user would have the opportunity a portion or all of the property withing a dominant West San Fernando Valley Power Center. 11460 Porter Ranch Drive is ideally located across the street from the Vineyards at Porter Ranch, a $150-million shopping, entertainment, and lifestyle center. The property features 345,000 square feet of open space, lined with restaurants, shops, a Whole Foods Market, a Kaiser-Permanente medical office building, a movie theater, a hotel, and a 266-unit apartment complex.

Investment Highlights

  • Ideally situated as a part of the Porter Ranch Town Center, a 560,000 square foot Power Center
  • Ideally located at an end-cap of the Porter Ranch Town Center, the dominant power center in the immediate area
  • The subject property is the only major vacancy within the Porter Ranch Town Center, allowing an owner-user the opportunity to a portion or all of the property

Exclusively Listed By

Listing Price: $8,950,000

Cap Rate
12.76%
Gross SF
47,566
Rentable SF
47,566
Price/Gross SF
$188.16
Lot Size
4.15 acres
Year Built
1999

Investment Highlights

  • Ideally situated as a part of the Porter Ranch Town Center, a 560,000 square foot Power Center
  • Ideally located at an end-cap of the Porter Ranch Town Center, the dominant power center in the immediate area
  • The subject property is the only major vacancy within the Porter Ranch Town Center, allowing an owner-user the opportunity to a portion or all of the property

Investment Overview

A prime 47,566 square foot retail building ideally located in the Porter Ranch Town Center, one of the dominant Power Centers in the West San Fernando Valley and the home to a strong mix of national credit tenants with excellent freeway signage and direct freeway access. Marcus & Millichap has been selected to exclusively represent for sale 11460 Porter Ranch Drive, a 47,566 square foot retail building ideally situated on 180,888 square feet of land along Porter Ranch Drive just north of Rinaldi Street in the Porter Ranch Town Center. The subject property has a total of 224 parking spaces, a parking ratio of 4.71 parking spaces per 1,000 square feet. The subject property is ideally located directly off California State Route 118 Freeway, ideally serving the local residents in the immediate area. The Porter Ranch Town Center is a 560,000 square foot dominant power center in the West San Fernando Valley and a part of the Porter Ranch Master Planned Community with immediate access from the 118 freeway. The center is full of major anchor tenants, including Walmart, Jo-Ann Fabrics, CVS, Ralphs, Burlington, Party City, and Petco, and in addition, is home to several national credit tenants and restaurants including In-N-Out Burger, Starbucks, Wells Fargo Bank, Chase Bank, Islands, TGI Fridays, and Souplantation. The subject property is the only major vacancy within the Porter Ranch Town Center. The space can made divisible, creating a unique value-add or owner-user opportunity. An investor would have the opportunity to lease up and stabilize the property, while an owner-user would have the opportunity a portion or all of the property withing a dominant West San Fernando Valley Power Center. 11460 Porter Ranch Drive is ideally located across the street from the Vineyards at Porter Ranch, a $150-million shopping, entertainment, and lifestyle center. The property features 345,000 square feet of open space, lined with restaurants, shops, a Whole Foods Market, a Kaiser-Permanente medical office building, a movie theater, a hotel, and a 266-unit apartment complex.

Exclusively Listed By

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