Victory Boulevard Shopping Center
6,448 SF | 77% Leased | Retail Building | North Hollywood, CA 91606 | $4,342,000 ($673/SF) | 5.90% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,342,000
- Property Type
-
Retail
- Square Feet
- 6,448 SF
- Price / Square Foot
- $673
Listing Contacts
Matthew May
Verified Profile
Richard Huelsman
Verified Profile
- Property Info
Property Overview
Since its construction in 1978, the property and its tenants have been a part of the fabric. For over four decades, the Center has been a familiar sight for retail tenants and their customers, a testament to its enduring presence in the community's shopping patterns. The property is ideal for investors who recognize the quality of the location, consistent occupancy, and stable cash flow with upside. The current gross income is $269,626. The adjusted NOI, based on a 3% reserve of $8,016.00 and a 2.0% vacancy factor of $5,392.00 is $256,218.00.
Property Details
- Class
- B
- Year Built
- 1978
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 12,632 SF
Highlights
- The property is located at one of the top intersections in the San Fernando Valley.
- Local customers visit Valley Village and North Hollywood tenants as the Center straddles both areas.
- The strong flow of traffic that passes by the Center daily (80,000+ cars a day) secures a consistent and loyal customer base.
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].