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10118 San Fernando Rd 6,910 SF 100% Leased Retail Building Pacoima, CA 91331 $4,910,546 CAD ($710.64 CAD/SF) 5.90% Cap Rate
Investment Highlights
- Prominent center anchored by Subway
- All leases have a minimum 3% increase or higher
- Strong mix of national and local tenants
- All tenants on full NNN leases
- Built in 2011 - well-maintained center
- Located on a high traffic signalized intersection
Executive Summary
Specialized Realty presents 10118 San Fernando Rd., an incredible opportunity for an investor or owner/user to acquire a newer developed shopping plaza anchored by Subway, located on the signalized corner of Osborne St. and San Fernando Rd. in the heart of Pacoima. Built in 2011, the center offers a strong mix of national & local tenants, tremendous visibility and boasts high traffic counts day and night. SUBWAY has been a tenant since 2012, the lease ending in 2027. El Taco LLama has multiple locations throughout LA and the valley, adding to their already strong local presence. Remaining tenants are local with strong ties to the community.
The property is zoned LACM and consists of a 6,910 SF building on a 15,164 SF lot. All tenants are on NNN leases. The center is surrounded by dense residential neighborhoods and a highly diverse demographic, located directly across the street from Whiteman Airport and conveniently accessible via the 5, 210, and 118 freeways. The immediate area presents a unique long-term positioning opportunity, as the airport site has been the subject of ongoing community-driven discussions around potential future redevelopment into neighborhood-serving retail and public spaces. Do not miss the opportunity to own a well-maintained, newer center with stable tenants on NNN leases in one of the San Fernando Valley’s most established neighborhoods.
The property is zoned LACM and consists of a 6,910 SF building on a 15,164 SF lot. All tenants are on NNN leases. The center is surrounded by dense residential neighborhoods and a highly diverse demographic, located directly across the street from Whiteman Airport and conveniently accessible via the 5, 210, and 118 freeways. The immediate area presents a unique long-term positioning opportunity, as the airport site has been the subject of ongoing community-driven discussions around potential future redevelopment into neighborhood-serving retail and public spaces. Do not miss the opportunity to own a well-maintained, newer center with stable tenants on NNN leases in one of the San Fernando Valley’s most established neighborhoods.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,910 SF
Building Class
B
Year Built
2011
Price
$4,910,546 CAD
Price Per SF
$710.64 CAD
Cap Rate
5.90%
NOI
$289,722 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.44
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
CM - COMMERCIAL MANUFACTURING ZONE
Parking
17 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Restaurant
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2537-010-033 | Improvements Assessment | $1,887,619 CAD |
| Land Assessment | $2,455,273 CAD | Total Assessment | $4,342,892 CAD |
Property Taxes
Parcel Number
2537-010-033
Land Assessment
$2,455,273 CAD
Improvements Assessment
$1,887,619 CAD
Total Assessment
$4,342,892 CAD
Contacts
-
Artak Dovlatyan -
Sioneh Keshishi -
Vartan Tashchyan -
Albert Karchikian -
Specialized Realty, Inc.
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10118 San Fernando Rd
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