11487 San Fernando Rd 11,397 SF Office Building San Fernando, CA 91340 $7,099,500 CAD ($622.93 CAD/SF) 5.70% Cap Rate

IREA is pleased to present the opportunity to acquire a single-tenant net leased investment occupied by The Stepping Stones Group, a leading national provider of behavioral health, educational, and therapeutic services. The Property is strategically located along San Fernando Road in the Northeast San Fernando Valley, with convenient access to the I-5, SR-118, I-405, and I-210 freeways, providing exceptional regional connectivity and access to a large, densely populated residential trade area.
Current ownership completed significant renovations to accommodate the tenant’s specialized use, resulting in a highly functional facility tailored to the tenant’s operations. Further demonstrating its long-term commitment to the location, the tenant is investing additional capital at its sole cost and expense to permit and construct an outdoor play area.
The lease provides attractive long-term income growth through 10.4% rental increases in each option period. Additionally, the in-place rent remains at a reasonable and supportable level relative to the market, enhancing the property’s long-term leasing fundamentals and rent replaceability. Backed by an established national operator and located within a dense infill market, the Property offers investors the opportunity to acquire a stable, income-producing asset with built-in rental growth and strong underlying real estate fundamentals.