Skip to main content

Shopping Community

6367-6377 Van Nuys Blvd

6367 Van Nuys Blvd, Los Angeles, CA 91401

Listing Price: $5,500,000

Cap Rate
6.19%
Gross SF
17,080
Rentable SF
17,080
Price/Gross SF
$322.01
Lot Size
0.37 acres
Year Built
1922

Investment Overview

Marcus & Millichap has been selected to exclusively represent for sale 6367-6377 Van Nuys Boulevard, a 100% leased multi-tenant retail property ideally located on the Southwest signalized corner of Van Nuys Boulevard and Victory Boulevard in the heart of Van Nuys, CA. The subject property consists of three adjoining retail buildings on a total of 16,297 square feet of the land. The building sizes vary as follows; 6377 Van Nuys Boulevard is 5,080 square feet, 6371 Van Nuys boulevard is 7,200 square feet, and 6367 Van Nuys Boulevard is 4,800 square feet. The property is 100% occupied by a diverse mix of local and national tenants that ideally serve the dense immediate population. The property features 105 feet of frontage on the highly trafficked Van Nuys Boulevard, which sees traffic counts north of 34,300 vehicles per day, and 155 feet of frontage on Victory Boulevard which also sees north of 34,000 vehicles per day. 6367-6377 Van Nuys Boulevard features a total of ten units comprised of a mix of long- and short-term leases. The average unit size is 1,708 square feet. Two of the tenants are currently month-to-month, and four of the leases turn within the next three years, making this an excellent value-add or owner-user opportunity. The Van Nuys submarket is undergoing substantial changes, the submarket is inundated with development projects, with over 1,200 under-construction or recently completed residential units. The development in the area may be driven by the planned East San Fernando Valley Light Rail Line, which will run approximately 9.2 miles and will be located largely within the median of Van Nuys Boulevard. The project would efficiently connect the East San Fernando Valley. The offering is located less than four miles from the Van Nuys Airport, and less than two miles from the Sepulveda Basin Recreation Area which features neighborhood amenities such as multiple golf courses, swan boat rentals, a baseball diamond, and soccer field. The property is also located near a number of national tenants, including Chase Bank, Subway, 7-Eleven, Wells Fargo, 99 Cents Only, McDonalds, and El Pollo Loco.

Investment Highlights

  • PRIME EAST SAN FERNANDO VALLEY SIGNALIZED CORNER LOCATION
  • 100% LEASED MULTI-TENANT STREET RETAIL
  • DENSE IMMEDIATE POPULATION WITH STRONG UNDERLYING DEMOGRAPHICS
  • LOCATED IN THE VAN NUYS SUBMARKET, WHICH IS UNDERGOING SIGNIFICANT CHANGES

Exclusively Listed By

Shopping Community

6367-6377 Van Nuys Blvd

Listing Price: $5,500,000

Cap Rate
6.19%
Gross SF
17,080
Rentable SF
17,080
Price/Gross SF
$322.01
Lot Size
0.37 acres
Year Built
1922

Investment Highlights

  • PRIME EAST SAN FERNANDO VALLEY SIGNALIZED CORNER LOCATION
  • 100% LEASED MULTI-TENANT STREET RETAIL
  • DENSE IMMEDIATE POPULATION WITH STRONG UNDERLYING DEMOGRAPHICS
  • LOCATED IN THE VAN NUYS SUBMARKET, WHICH IS UNDERGOING SIGNIFICANT CHANGES

Investment Overview

Marcus & Millichap has been selected to exclusively represent for sale 6367-6377 Van Nuys Boulevard, a 100% leased multi-tenant retail property ideally located on the Southwest signalized corner of Van Nuys Boulevard and Victory Boulevard in the heart of Van Nuys, CA. The subject property consists of three adjoining retail buildings on a total of 16,297 square feet of the land. The building sizes vary as follows; 6377 Van Nuys Boulevard is 5,080 square feet, 6371 Van Nuys boulevard is 7,200 square feet, and 6367 Van Nuys Boulevard is 4,800 square feet. The property is 100% occupied by a diverse mix of local and national tenants that ideally serve the dense immediate population. The property features 105 feet of frontage on the highly trafficked Van Nuys Boulevard, which sees traffic counts north of 34,300 vehicles per day, and 155 feet of frontage on Victory Boulevard which also sees north of 34,000 vehicles per day. 6367-6377 Van Nuys Boulevard features a total of ten units comprised of a mix of long- and short-term leases. The average unit size is 1,708 square feet. Two of the tenants are currently month-to-month, and four of the leases turn within the next three years, making this an excellent value-add or owner-user opportunity. The Van Nuys submarket is undergoing substantial changes, the submarket is inundated with development projects, with over 1,200 under-construction or recently completed residential units. The development in the area may be driven by the planned East San Fernando Valley Light Rail Line, which will run approximately 9.2 miles and will be located largely within the median of Van Nuys Boulevard. The project would efficiently connect the East San Fernando Valley. The offering is located less than four miles from the Van Nuys Airport, and less than two miles from the Sepulveda Basin Recreation Area which features neighborhood amenities such as multiple golf courses, swan boat rentals, a baseball diamond, and soccer field. The property is also located near a number of national tenants, including Chase Bank, Subway, 7-Eleven, Wells Fargo, 99 Cents Only, McDonalds, and El Pollo Loco.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower