23500 Park Sorrento, Calabasas, CA 91302
14,886 SF | 92% Leased | 4-Star Retail Building | Calabasas, CA 91302 | $8,410,000 ($565/SF) | 5.09% Cap Rate
For Sale
Active
Asking Price $8,410,000
- Property Type
-
Retail
- Square Feet
- 14,886 SF
- Price / Square Foot
- $565
Listing Contacts
Josue Najera
Property Overview
In Real Estate is pleased to offer for sale, 23500 Park Sorrento, an architecturally pleasing mixed-use building with a retail and residential tenant mix. Park Sorrento consists of 4 retail spaces and 8 residential units. The building is at the entrance of the Calabasas Avanti luxury apartment community. With subterranean parking composed of 86 parking spaces and +/- 6 street parking spaces, retail tenant use carries a wide range of possibilities. 23500 Park Sorrento totals an approximate RBA of 14,886 soft and a total lot size of 20,473 sqft. A high and consistent rent-producing building, it can be a stable asset to add to your portfolio. The property features a 3 unique ground floor retail concepts, driving significant traffic to the area: Pressed Juicery, Orange Twist, and Be Kind Studio. The residential units are in a high-demand rental market against a luxury apartment community adjacent to HWY 101 between Los Angeles and Ventura County.
Priced to sell, 23500 Park Sorrento is positioned at a 5.09% cap rate while situated in a dense high income demographic. Architecturally, this property is a flagship for the area and adds to the retail character unique to and expected from Calabasas.
View brochure for full rent roll, P&L's, pro-forma, and tenant details. Must register through LoopNet first.
Priced to sell, 23500 Park Sorrento is positioned at a 5.09% cap rate while situated in a dense high income demographic. Architecturally, this property is a flagship for the area and adds to the retail character unique to and expected from Calabasas.
View brochure for full rent roll, P&L's, pro-forma, and tenant details. Must register through LoopNet first.
Property Details
- Class
- A
- Year Built
- 2017
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential, Storefront
- Lot Size (sq. ft)
- 20,473 SF
Highlights
- Prestigious area
- High rent, long term tenants
- Mixed use: Retail & Residential
- Priced above a 5% Caprate
- See more in interactive brochure
All available spaces
- Space
- 1st Fl-Ste A2
- Size
- 1,983 SF
- Condition
- Full Build-Out
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