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27043138
27043139

7243 Woodley Ave, Van Nuys, CA 91406

DM
CA CA: 02229883
Marcus & Millichap - Los Angeles
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$2,500,000
262 days on market
Updated 88 days ago
Opportunity zone

Rich Group Collision Center

Details
APN 2205-027-028
Property Type Industrial, Retail
Sub Type Auto Shop, Storefront (+1)
Square Footage 4,000
Net Rentable (SqFt) 4,000
Units 1
Cap Rate 8.4%
NOI $210,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 09/28/2033
Pro-Forma Cap Rate 8.65%
Pro-Forma NOI $216,300
Price per SqFt $639
Year Built 1985
Year Renovated 2010
Buildings 1
Stories 2
Acreage 0.170
Zoning LAC2
Lease Commencement 09/29/2025
Ceiling Height 12'
Ownership Fee Simple

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

Listing Contacts

DM
CA CA: 02229883
Marcus & Millichap - Los Angeles
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$210,000.00
$17,500.00/mo

Valuation Metrics

0
DSCR
8.4%
Cap Rate
8.4%
ROI

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Additional Information

Name
Dan Murray
License
CA: 02229883
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
1900 Avenue of the Stars
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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