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134 N Maclay Ave

134 N Maclay Ave, San Fernando, CA 91340

Listing Price: $2,200,000

Cap Rate
5.43%
Gross SF
3,811
Rentable SF
3,811
Price/Gross SF
$577.28
Lot Size
0.08 acres
Year Built
1913

Investment Overview

Marcus & Millichap is pleased to present 134 N Maclay, a rare 2nd generation (2016) Class A Restaurant space with an outdoor rooftop deck. The subject property consists of an approximate 3,811 square-feet of building area, situated on a 0.08-acre C2-zoned parcel. Located in the heart of San Fernando, this area is highly desirable due to its walkability and close proximity to all other main restaurant and retail shops. In addition, the restaurant space is fully built out with all commercial equipment included ($125,000) and includes a beer & wine license, (1) wholesale kitchen and (1) retail license. San Fernando is largely comprised of a concentrated commercial district surrounded by a dense residential neighborhood, all of which is experiencing significant positive attraction. Between San Fernando’s two main streets (Maclay & San Fernando), you will frequently find neighborhood coffee shops, credit tenants and new nightlife establishments bursting with life. Additionally, there are a considerable number of boutiques, local award-winning restaurants, and local small businesses, that have grown substantially over the last five years. The building is conveniently located adjacent to the 5, 405 & 118 Freeway, which easily connects to the rest of the San Fernando Valley. The planned Van Nuys Blvd Rail line will also be conveniently located directly adjacent to the subject property which will connect San Fernando to Sherman Oaks. Additionally, the building boasts a walk score of 95 (Walker’s Paradise), allowing for ease of use to get from one place to another. This, coupled with the fact that there are approximately 450,000 people and an average household income over $90,000 within a 5-mile radius, will only help accelerate the continued rapid appreciation of San Fernando. This is an ideal opportunity for either an investor looking to repurpose the space or an owner/user who could occupy the property for their business, while taking advantage of historically low interest rates. SBA loans are fixed and fully amortized over a 25-year period and the current rates are in the low 3 percent range. The current property is owner occupied and will be delivered vacant, allowing for a multitude of uses for the site. Contact agent regarding additional SBA incentives available at this time.

Investment Highlights

  • 2nd Generation (2016) Class A Restaurant Space with Outdoor Rooftop Deck
  • Restaurant Permits Include a Beer & Wine License and (1) Wholesale Kitchen & (1) Retail License
  • Unique Opportunity for a Credit Tenant, Owner/User, Investment & the Ability to have Multiple Businesses
  • All Restaurant Equipment Included in Sale (Approximate Value $125,000)
  • Directly Adjacent to Credit Tenants (Starbucks, Chipotle, Domino's & More)
  • Excellent Demographics - Population over 450,000 & Average Household Income over $90,000 Within a 5-Mile Radius
  • Walk Score of 95 (Walker's Paradise)
  • Attractive SBA Financing with Historically Low Interest Rates (3.50%)

Exclusively Listed By

Financing By

Listing Price: $2,200,000

Cap Rate
5.43%
Gross SF
3,811
Rentable SF
3,811
Price/Gross SF
$577.28
Lot Size
0.08 acres
Year Built
1913

Investment Highlights

  • 2nd Generation (2016) Class A Restaurant Space with Outdoor Rooftop Deck
  • Restaurant Permits Include a Beer & Wine License and (1) Wholesale Kitchen & (1) Retail License
  • Unique Opportunity for a Credit Tenant, Owner/User, Investment & the Ability to have Multiple Businesses
  • All Restaurant Equipment Included in Sale (Approximate Value $125,000)
  • Directly Adjacent to Credit Tenants (Starbucks, Chipotle, Domino's & More)
  • Excellent Demographics - Population over 450,000 & Average Household Income over $90,000 Within a 5-Mile Radius
  • Walk Score of 95 (Walker's Paradise)
  • Attractive SBA Financing with Historically Low Interest Rates (3.50%)

Investment Overview

Marcus & Millichap is pleased to present 134 N Maclay, a rare 2nd generation (2016) Class A Restaurant space with an outdoor rooftop deck. The subject property consists of an approximate 3,811 square-feet of building area, situated on a 0.08-acre C2-zoned parcel. Located in the heart of San Fernando, this area is highly desirable due to its walkability and close proximity to all other main restaurant and retail shops. In addition, the restaurant space is fully built out with all commercial equipment included ($125,000) and includes a beer & wine license, (1) wholesale kitchen and (1) retail license. San Fernando is largely comprised of a concentrated commercial district surrounded by a dense residential neighborhood, all of which is experiencing significant positive attraction. Between San Fernando’s two main streets (Maclay & San Fernando), you will frequently find neighborhood coffee shops, credit tenants and new nightlife establishments bursting with life. Additionally, there are a considerable number of boutiques, local award-winning restaurants, and local small businesses, that have grown substantially over the last five years. The building is conveniently located adjacent to the 5, 405 & 118 Freeway, which easily connects to the rest of the San Fernando Valley. The planned Van Nuys Blvd Rail line will also be conveniently located directly adjacent to the subject property which will connect San Fernando to Sherman Oaks. Additionally, the building boasts a walk score of 95 (Walker’s Paradise), allowing for ease of use to get from one place to another. This, coupled with the fact that there are approximately 450,000 people and an average household income over $90,000 within a 5-mile radius, will only help accelerate the continued rapid appreciation of San Fernando. This is an ideal opportunity for either an investor looking to repurpose the space or an owner/user who could occupy the property for their business, while taking advantage of historically low interest rates. SBA loans are fixed and fully amortized over a 25-year period and the current rates are in the low 3 percent range. The current property is owner occupied and will be delivered vacant, allowing for a multitude of uses for the site. Contact agent regarding additional SBA incentives available at this time.

Exclusively Listed By

Financing By

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