Listed by Spectrum Commercial Real Estate, Inc, Spectrum Commercial Real Estate, Inc Encino
$14,000,000
9035 Canoga
Details
APN 277-018-022
Property Type Industrial
Sub Type Distribution, Manufacturing
Square Footage 45,320
Net Rentable (SqFt) 45,320
Units 1
Cap Rate 6.48%
NOI $907,764
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 8.3
Lease Expiration 07/31/2031
Remaining Term 5.2
Rent Bumps Yes
Lease Options 2
Price per SqFt $309
Broker Co-Op Yes
Class C
Year Built 1972
Year Renovated 2023
Buildings 1
Stories 1
Acreage 1.670
Zoning MR-2
Parking Spaces 60 spaces
Parking Per SqFt 1.32
Investment Type Net Lease
Lease Commencement 05/01/2023
Ground Lease No
Ceiling Height 17
Loading Docks 3
Sale Condition 1031 exchange
Industrial | 6.48% CAP | 45,320 SqFt
Marketing description
Available for sale, leased Industrial Investment in the heart of the San Fernando Valley. Tenant has put in close to $4M into the FF&E for this .
Investment highlights
6.48% Cap
NNN Lease
5.5 years left on lease term
Major improvements and fixturization by tenant
Major street location
Local amenities
Annual 3% increases (Next one August 1, 2026, cap rate will increase to 6.64%
Major Copper plumbing replacement in 2023.
Major Electrical upgrades in 2023
Gated Parking on both North and East sides of property
Current tenant has THC use in their beverages.
Listing Contacts
Listed by Spectrum Commercial Real Estate, Inc, Spectrum Commercial Real Estate, Inc Encino
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$907,764.00
$75,647.00/mo
Valuation Metrics
0
DSCR
6.48%
Cap Rate
6.48%
ROI
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