Log In/Sign Up
Your email has been sent.
Burlington | 8yrs Remain Corp NN | NYSE: BURL 14651 Ventura Blvd 24,890 SF Retail Building Sherman Oaks, CA 91403 $17,002,384 CAD ($683.10 CAD/SF) 5.50% Cap Rate
Investment Highlights
- 8 Years Remaining | Corporate Signed (NYSE: BURL) | Nearby Major Interstates | High Barrier to Entry Market
- Westfield Fashion Square (868,000 SF) | Nearby National/Credit Tenants | Primary Retail Corridor
- NN Leased | Fee Simple Ownership | Recent CapEx Improvements | Limited Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
The Burlington is located along Ventura Boulevard, a primary commuter thoroughfare averaging over 52,000 vehicles passing by daily. The property is positioned just south of U.S. Highway 101 (314,000 VPD), a major north/south travelling highway connecting Santa Barbara to Los Angeles. Additionally, the asset situated just east of Interstate 405 (282,000 VPD), a major north/south travelling highway which connects Los Angeles to Orange County. Furthermore, the site is located just southwest of Westfield Fashion Square, a premier luxury 868,000 square foot shopping destination that features national/credit tenants including Macy’s, Old Navy, Bath & Body Works, and H&M. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Costco Wholesale, Target, Whole Foods, Michaels, CVS Pharmacy, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 492,300 with an affluent average household income of $149,462.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,890 SF
Building Class
B
Year Built
1999
Price
$17,002,384 CAD
Price Per SF
$683.10 CAD
Cap Rate
5.50%
NOI
$935,145 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.72
Lot Size
0.79 AC
Zoning
C - Commercial
Parking
90 Spaces (3.62 Spaces per 1,000 SF Leased)
Frontage
139’ on Ventura
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,868,071 CAD | |
| Land Assessment | $7,868,056 CAD | Total Assessment | $15,736,127 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$7,868,056 CAD
Improvements Assessment
$7,868,071 CAD
Total Assessment
$15,736,127 CAD
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Burlington | 8yrs Remain Corp NN | NYSE: BURL | 14651 Ventura Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.