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5900 Sepulveda Blvd 78,237 SF 98% Leased Office Building Van Nuys, CA 91411 $23,502,501 CAD ($300.40 CAD/SF) 7.11% Cap Rate



INVESTMENT HIGHLIGHTS
- 95% LEASED HIGH IMAGE PROFESSIONAL BUILDING WITH STABLE CASH FLOW AND HUGE UPSIDE - SHERMAN OAKS ADJACENT
- COMPELLING OPTION FOR SMALL TO MEDIUM SIZED TENANTS
- DIVERSIFIED RENT ROLL WITH STABLE CASH FLOW
- STRATEGIC SAN FERNANDO VALLEY LOCATION WITH STRONG DEMOGRAPHICS
EXECUTIVE SUMMARY
* Rare opportunity to acquire high yielding asset at a historically low basis with stable cash flow and huge upside as rents rebound - Immediately adjacent to the premier Sherman Oaks submarket.
* Rents have been reset to maintain occupancy and are on average 16% below competing properties. Further, rents rolling in the first year of the hold are approximately 27% below market, making it easy to maintain current occupancy against competing buildings and move upward as office market recovers.
* Ability to accommodate uses such as medical that would ordinarily require higher parking as the Property is within one-half mile of a major transit stop (qualifies under AB 2097).
DIVERSIFIED RENT ROLL WITH STABLE CASH FLOW
* With the average tenant occupying only ±3% of the building, and the largest tenant
less than ±10% of the building, the asset provides stable cash flow and limited exposure to a large vacancy in the future.
* The Property’s small suites, averaging 1,900 SF, lease up quickly and require limited tenant improvements further supporting below the line cash flow.
COMPELLING OPTION FOR SMALL TO MEDIUM SIZED TENANTS
* The property is thoughtfully designed to accommodate smaller to medium sized
tenants with floorplates that minimize wasted space and maximize window line. It also offers ample surface and elevator served subterranean parking, electric vehicle charging stations, and a convenient on-site café.
* The highly visible professional building benefits from over 200 linear feet of frontage along Sepulveda Boulevard with more than 43K vehicles passing the property each day.
STRATEGIC SAN FERNANDO VALLEY LOCATION WITH STRONG DEMOGRAPHICS
* Central location for the enormous population base (4.25 million) that resides in the north Los Angeles region, and a reverse commute for employees commuting from West LA and the greater Los Angeles basin.
* The Property offers immediate access to the 405 and 101 freeways, along with a short walking distance to the nearby Metro Orange Line offering traffic-free access for over 2M residents in the SFV.
PROPERTY FACTS
AMENITIES
- Conferencing Facility
- Food Service
- Property Manager on Site
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- All Star Chiropractic
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$9.99
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We offer CERTIFIED and/or Qualified Interpreters for all Assignments and Legal Document Translations.
Call us. Meet with us. Get to know our attorneys and dedicated staff. You will see firsthand what sets us apart, what makes us different. At PZ law firm , we are deeply committed to giving you a strong, powerful voice to stand up for your rights. With cumulative litigation in service to our clients and communities, we have a proven staff, who are ready to give you the attention and respect you deserve. At PZ LAW FIRM, the fundamental principle that drives our firm is an absolute commitment to our clients and their right to a voice in the legal system. We have helped thousands of clients recover billions in verdict and settlements. the firm brings MANY YEARS of experience to bare against those who have harmed American families and businesses through asbestos exposure, dangerous drugs and other cases of corporate wrongdoing. OUR attorneys strive to provide forward-thinking legal solutions for individuals and businesses in a number of complex litigation areas.
Payscout is a global payment processing provider covering six continents by connecting merchants and consumers via credit, debit, ATM, and alternative payment networks. What differentiates Payscout is its mission, “to support the entrepreneurial dream one transaction at a time.” Payscout achieves this by being a thought leader in the payments industry. Its “Go Global Now” technology platform gives merchants instant access to 100+ countries, billions of consumers and trillions of dollars. Payscout offers payment processing solutions for brick-and-mortar and ecommerce transactions, and has earned acclaim as a new-generation provider of merchant banking services, specializing in online/ecommerce retailers with a predominant proportion of card-not-present (CNP) transactions; it is one of the few providers to deliver a true global payment solution that encompasses all merchant risk verticals.
Rowen, Gurvey & Win is well-known for its aggressive and zealous representation of its clients. The firm handles every case with the comprehensiveness and diligence necessary to recover the largest settlements and awards for its clients. From the filing of a workers’ compensation claim form through the entire litigation process, our law firm aggressively pursues maximum benefit recovery and represents the injured worker’s best interests in a timely and effective fashion. Our objective for each client is to obtain the appropriate medical care necessary, and ultimately negotiate the most favorable settlement, or prevail at trial.
Headquartered in Folsom, California, Sierra Pacific Mortgage provides quality mortgage lending services throughout the United States. Incorporated in 1986, they are a privately held company and have originated and purchased billions in residential loans. Their high company production levels and sophisticated capital markets access allows them to deliver competitively priced products to brokers, retail originators, and consumers. They are a nationwide direct lender for HUD (United States Department of Housing and Urban Development), Fannie Mae, Freddie Mac, and an approved Seller with FHA, VA, and USDA. They originate loans through their Retail, Wholesale, and Correspondent business channels. Steering the company's vision and success since inception in 1986, President, Jim Coffrini, has led them and their growing team of dedicated mortgage professionals into one of the most profitable mortgage banking firms in the industry.
- V O Leasing Corp
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$9.99
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| All Star Chiropractic | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 | |
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Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 | |
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Finance and Insurance | - | - | Lorem Ipsum | Jan 0000 | |
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Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 | |
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Finance and Insurance | - | - | Lorem Ipsum | Jan 0000 | |
| V O Leasing Corp | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Perfect for law firm, or executive style office. Reception desk enough for 2 people. 1 large Conference room. 3 exec offices with windows. 1 office w/see through window Open floor area can fit 4-12 cubicles. Kitchen with sink. Filing storage room. IT/server room. 2nd exit door in Suite directly to stairwell
Clean office space with windows.
| Space | Size | Space Use | Condition | Available |
| 4th Fl-Ste 435 | 2,663 SF | Office | Full Build-Out | 30 Days |
| 5th Fl-Ste 580 | 1,222 SF | Office | Full Build-Out | Now |
4th Fl-Ste 435
| Size |
| 2,663 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
5th Fl-Ste 580
| Size |
| 1,222 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 435
| Size | 2,663 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Perfect for law firm, or executive style office. Reception desk enough for 2 people. 1 large Conference room. 3 exec offices with windows. 1 office w/see through window Open floor area can fit 4-12 cubicles. Kitchen with sink. Filing storage room. IT/server room. 2nd exit door in Suite directly to stairwell
5th Fl-Ste 580
| Size | 1,222 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Clean office space with windows.
PROPERTY TAXES
| Parcel Number | 2243-019-019 | Improvements Assessment | $13,991,275 CAD |
| Land Assessment | $12,792,023 CAD | Total Assessment | $26,783,298 CAD |
PROPERTY TAXES
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5900 Sepulveda Blvd
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