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31738883
31738882

8420 Balboa Boulevard, Los Angeles, CA 91325 For Sale

KM
CA CA 01716644, NV NV S.0196952
Newmark | Los Angeles - Downtown
WB
Newmark | Los Angeles - Downtown
GR
01412484
Listed by Newmark | Los Angeles - Downtown
$15,600,000
95 days on market
Updated 28 days ago

The Mix

Details
Property Type Retail
Sub Type Commercial, Neighborhood Center
Square Footage 17,410
Cap Rate 5.25%
Occupancy 85.4%
Tenancy Multi
Acreage 2.120
Investment Type Core

Retail | 5.25% CAP | 17,410 SqFt

Marketing description

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.

Located in proximity to major employment nodes, California State University Northridge (CSUN), and immediate connectivity to I-405, SR-118, and US-101.

Investment highlights

  • Core Infill Los Angeles Location
  • Strong Real Estate Fundamentals
  • Ideal 1031 Exchange Opportunity

Listing Contacts

KM
CA CA 01716644, NV NV S.0196952
Newmark | Los Angeles - Downtown
WB
Newmark | Los Angeles - Downtown
GR
01412484
Listed by Newmark | Los Angeles - Downtown

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Additional Information

Name
Kyle Miller
License
CA 01716644
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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