6231 VAN NUYS BLVD
VAN NUYS, CA 91401
PRICE
$1,800,000
BUILDING SIZE
4,475 SF
LOT SIZE
7,753 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
3.53%
$402
$232
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 6231 Van Nuys Boulevard, a 4,475 square foot signalized corner multi-tenant retail property situated on 0.18 acres of land (7,753 SF) centrally positioned in the highly dense San Fernando Valley submarket of Van Nuys, CA.
6231 Van Nuys Boulevard is ideally positioned at the SW signalized corner of Van Nuys Boulevard and Erwin St directly across the street from the Van Nuys Courthouse. The subject property benefits from excellent visibility with approximately 50 feet of frontage along Van Nuys Boulevard and 155 feet of frontage along Erwin Street.
Currently, the site’s five (5) units are fully occupied on short-term leases, except for Van Nuys Design & Print who’s lease expires 5/31/2029, with an average term remaining of 0.82 years. The property’s short-term tenancy creates the potential for an owner-user to occupy up to 2,475 SF of contiguous space on the property with the opportunity to expand as business operations grow.
The property’s units average 895 SF, ranging from 450 SF to 1,425 SF, ideal unit sizes which appeal to a wide variety of retail and office uses and will require minimal capital expense with tenant turnover. Patrons and tenants of the property will enjoy the site’s readily available eight (8) street facing surface parking spaces, a ratio of 1.79 spaces per 1,000 SF.