Rich Group Collision Center
Industrial | 8.40% CAP | 4,000 SqFt
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 7243 Woodley Avenue in Van Nuys. This fully leased single-tenant automotive site totals approximately 4,000 square feet and is situated on 0.17 acres of LAC2-zoned land. This offering represents an opportunity for an investor in the highly sought-after Van Nuys area. Newly renovated in 2023, the property features five ground-level doors, 12’ clear height, and an improved second-floor office. A fully paved and gated lot with multiple entry points provides attractive maneuverability. The property also offers 60 feet of frontage along Woodley Avenue, providing excellent visibility and accessibility in a highly trafficked corridor (Woodley Ave 23,194 VPD & Sherman Way 41,215 VPD). The building is fully occupied by Rich Group Collision Center on a newly executed Eight-Year Absolute NNN Lease, a well-established auto body repair shop in the San Fernando Valley. The tenant has invested heavily in renovations since the lease began and recently executed an eight-year net lease, underscoring their long-term commitment to the property.
Investment highlights
- 4,000-Square-Foot Single-Tenant Automotive Site Situated on 0.17 Acres
- Completely Renovated in 2023 with 12’ Clear Height, Five (5) Ground-Level Doors, and Renovated Second Floor Office
- Newly Executed Eight-Year Lease to Rich Group Collision Center with 3% Annual Rent Escalations Showing Long-Term Commitment to Space
- Strategically Located Blocks Away from Van Nuys Airport in the Desirable Lake Balboa Area
- Tight Barrier-to-Entry Submarket with 5% Vacancy (CoStar)
- Core San Fernando Valley Location with Immediate Proximity to the 405, 101, and 118 Freeways
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