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1438-46 SAN FERNANDO ROAD 1445 CELIS STREET SAN FERNANDO, CA 91340 LOCATION: On San Fernando Road Celis Street & Huntington Street SIZE: 14,441 +/- square foot two story retail/office building on 30,000 +/- square feet of land PARCEL #: 2531-003-009, 028 & 029 TENANCY: See attached tenant summary. Space available for an Owner-User who desires to locate on the premises. PARKING: 20 parking spaces located in rear open parking lot, plus an additional 22 spaces on San Fernando Road & Huntington Street SALES PRICE: $2,500,000 CAP RATE: 7% YEAR BUILT: 1950, 1974 & 1977 TERMS: Cash, cash to a new loan, or terms acceptable to seller. COMMENTS: This well located city of San Fernando property has excellent visibility and is ideal for an Investor or Owner user and has excellent upside with a potential rehab.
Rare LA County, Institutional Quality, Corporate Guaranteed - NNN Investment. 10% Rental increases for Both Walgreens and Smart n Final. We are pleased to offer to qualified investors the opportunity to purchase a to be renovated, 38,609 square foot freestanding retail building strategically located at the intersection of Glenoaks Boulevard and Hubbard Street in the heart of San Fernando (Los Angeles) that will be 100% occupied by Smart N Final and Walgreens - both of which have recently signed new, long term corporate leases. The work on the soon to be renovated building is slated to commence March 24, 2014, with both tenants projected to open for business between September 1, 2014 and October 30, 2014. Smart N Final has executed a 15 year, corporate guaranteed lease with 4 - 5 Year Options and compounded rental increases of 10% after the first 10 years of term and every 5 years thereafter, including all option periods. Walgreens has executed a 75 year, corporate guaranteed lease with no options and approximately 10% compounded base rental increases every 10 years.
31,774 SFPrice Upon Req.
CBRE is pleased to offer for sale 1030 Celis Street in San Fernando - a rare Los Angeles County junior box re-positioning opportunity. This freestanding building consists of approximately 32,000 SF of rentable space and is located in the heart of historic Downtown San Fernando. Neighboring retailers include Chase Bank, El Super, McDonald's, Bank of America, Dollar Tree, Verizon, Jack in the Box and more. The property consists of brik construction, an open ground-floor showroom, and a large basement accessible by two elevators. This is a rare Southern California junior box. A business owner or operator can obtain favorable financing and purchase the property with a monthly payment that is less than the cost to lease a comparable space. An investor could also reposition the property and lease to another tenant(s).