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PLS Financial Services 6801 Van Nuys Blvd 5,860 SF Retail Building Van Nuys, CA 91405 $4,784,290 CAD ($816.43 CAD/SF) 5.71% Cap Rate
Investment Highlights
- PLS Financial Services, Inc. (PLS) is one of the largest check cashing companies with over 200 locations in twelve (12) states.
- The subject property is a passive Single Tenant Net Leased investment on a highly prominent corner in Urban Los Angeles.
- The PLS lease includes structured increases of 2.5% annually, providing an inflation hedge. Furthermore, the current rents are below market rates.
- The company offers a variety of financial services including, Check Cashing, Money Orders, Bill Payment, Motor Vehicle, Tax Prep and Money Transfers.
- The property, sits on .30 acres, consists of a single story (1) freestanding building totaling 5,811 sq. ft. with ample parking.
- PLS has successfully operated at this location since 2015.
Executive Summary
Irreplaceable Single Tenant Net Leased Asset in the Heart of the San Fernando Valley
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,860 SF
Building Class
C
Year Built/Renovated
1990/2015
Price
$4,784,290 CAD
Price Per SF
$816.43 CAD
Cap Rate
5.71%
NOI
$273,265 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
LAC2 - Commercial
Parking
15 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2219-025-030 | Improvements Assessment | $1,261,394 CAD |
| Land Assessment | $1,166,654 CAD | Total Assessment | $2,428,048 CAD |
Property Taxes
Parcel Number
2219-025-030
Land Assessment
$1,166,654 CAD
Improvements Assessment
$1,261,394 CAD
Total Assessment
$2,428,048 CAD
Contacts
-
Patrick Wade -
Alex Kozakov -
Matthew Greenberg -
Bo Henderson -
Jack Webber -
Vivian Tran -
CBRE, Inc.
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PLS Financial Services | 6801 Van Nuys Blvd
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