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Early Education Center or Future Development 7224 Woodley Ave 4,118 SF 100% Leased Retail Building Van Nuys, CA 91406 For Sale
INVESTMENT HIGHLIGHTS
- Opportunities for development or adaptive reuse in the near future
- Located near the Van Nuys Airport and the 405 Freeway in a rapidly developing San Fernando Valley community
- Prime Van Nuys location
- The corner lot is accessible on three sides, from Woodley Avenue, Cantlay Street, and the shared alley with the properties that back up to Sherman Way
EXECUTIVE SUMMARY
7224 Woodley Avenue is an approximately 14,341sf C2 zoned parcel with a 4,118 square foot building located near the Van Nuys Airport and the 405 Freeway in a rapidly developing San Fernando Valley community. The corner lot is accessible on three sides, from Woodley Avenue, Cantlay Street, and the shared alley with the properties that back up to Sherman Way.
The property is currently leased to Child Care Resource Center (CCRC), a Head Start preschool, who has been the only occupant for the last thirty years. CCRC has one year remaining on its current term, with one five-year option remaining. The site offers stable income in the near term, with opportunities for development or adaptive reuse in the near future.
The property is currently leased to Child Care Resource Center (CCRC), a Head Start preschool, who has been the only occupant for the last thirty years. CCRC has one year remaining on its current term, with one five-year option remaining. The site offers stable income in the near term, with opportunities for development or adaptive reuse in the near future.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
4,118 SF
Building Class
C
Year Built
1946
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
C2, Los Angeles
Parking
12 Spaces (2.91 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2206-035-031 | Improvements Assessment | $192,685 CAD |
| Land Assessment | $2,119,714 CAD | Total Assessment | $2,312,399 CAD |
PROPERTY TAXES
Parcel Number
2206-035-031
Land Assessment
$2,119,714 CAD
Improvements Assessment
$192,685 CAD
Total Assessment
$2,312,399 CAD
CONTACTS
-
Caleb Morrison -
Greg Offsay -
Armen Tchapanian -
Todd Nathanson -
illi Commercial Real Estate
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Early Education Center or Future Development | 7224 Woodley Ave
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