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17650 Saticoy St
Van Nuys, CA 91406
Redevelopment Opportunity: Bank of America · Retail Property For Sale
Investment Highlights
- Rare opportunity to acquire larger parcel in Van Nuys, the most populous neighborhood in the San Fernando Valley
- Incredibly dense population with over 635,000 people within a 5-mile radius
- Excellent ingress/egress with four curbs cuts – two on Saticoy St, one on White Oak Ave, and one on Tierra St
- Very flexible zoning in C-4 (see page 6)
- Property is located 2.5 miles south of US-101 and 2.5 miles east of I-405
- Limited retail competition in the immediate trade area - Bank of America has been at the location since 1981
Executive Summary
8.60 Acres of developable land on a major thoroughfare in Northern California
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
987 SF
Year Built
1981
Price
$4,882,850 CAD
Price Per SF
$4,947.16 CAD
Cap Rate
2.74%
NOI
$133,790 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.46 AC
Zoning
LAC4
Parking
9 Spaces
Frontage
26’ on Saticoy Street
Property Taxes
| Parcel Number | 2202-025-024 | Improvements Assessment | $386,749 CAD |
| Land Assessment | $1,189,996 CAD | Total Assessment | $1,576,744 CAD |
Property Taxes
Parcel Number
2202-025-024
Land Assessment
$1,189,996 CAD
Improvements Assessment
$386,749 CAD
Total Assessment
$1,576,744 CAD
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