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The Mix 8420-8440 Balboa Blvd 17,410 SF 85% Leased Retail Building Northridge, CA 91325 $21,524,723 CAD ($1,236.34 CAD/SF)
Investment Highlights
- Core Infill Los Angeles Location
- Ideal 1031 Exchange Opportunity
- Strong Real Estate Fundamentals
Executive Summary
Newmark Pacific, as exclusive advisor, is pleased to present the opportunity to acquire the retail component of The Mix, an amenity-rich, two-building strip retail opportunity in Northridge, a prime San Fernando Valley submarket. Delivered in 2018 to institutional standards, the Property totals 17,410 square feet across 2.12 acres and is 85.4% leased to a nationally recognizable, credit-anchored lineup including Chipotle, Jersey Mike’s, Five Guys, Blue Palms Brewhouse, AhiPoki Bowl, Makenna Koffee, and Euphoria Urbana Cocina. The offering benefits from proximity to major employment nodes, California State University Northridge (CSUN), and immediate connectivity to I-405, SR-118, and US-101.
Stable existing tenancy, vacancy upside, and strong real estate fundamentals, provide a unique opportunity for a new investor to leverage today’s retail demand to enhance future cash-flow.
Stable existing tenancy, vacancy upside, and strong real estate fundamentals, provide a unique opportunity for a new investor to leverage today’s retail demand to enhance future cash-flow.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,410 SF
Building Class
B
Year Built/Renovated
2018/2020
Price
$21,524,723 CAD
Price Per SF
$1,236.34 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.14 AC
Zoning
LAM2
Frontage
548’ on Balboa Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Wheelchair Accessible
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,274 SF
- Restaurant
- In-Line
- Now
Space built out as salon.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,274 SF | Restaurant | In-Line | Now |
| 1st Floor | 1,275 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,274 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 1,275 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 1,275 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Space built out as salon.
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2689-019-017 | Improvements Assessment | $9,761,628 CAD |
| Land Assessment | $4,593,707 CAD | Total Assessment | $14,355,335 CAD |
Property Taxes
Parcel Number
2689-019-017
Land Assessment
$4,593,707 CAD
Improvements Assessment
$9,761,628 CAD
Total Assessment
$14,355,335 CAD
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The Mix | 8420-8440 Balboa Blvd
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