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33961458
33961457

11487 San Fernando Rd, San Fernando, CA 91340

JK
CA 01947051
Investment Real Estate Associates
Listed by Investment Real Estate Associates
$5,000,000
6 days on market
Updated 3 days ago

Single Tenant Net Lease | The Stepping Stones Group

Details
APN 2616-001-030
Property Type Office, Industrial
Sub Type Flex
Square Footage 11,397
Net Rentable (SqFt) 11,397
Cap Rate 5.70%
NOI $284,925
Tenancy Single
Lease Type NN
Lease Term 5
Lease Expiration 07/31/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options Two (2) 5-Year Options
Price per SqFt $439
Year Built 1978
Year Renovated 2025
Buildings 1
Acreage 0.570
Zoning LAM1
Parking Spaces 25 spaces
Parking Per SqFt 2.19
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2025
Ground Lease No

Single Tenant Net Leased Investment | The Stepping Stones Group | 5.70% CAP

Marketing description

IREA is pleased to present the opportunity to acquire a single-tenant net leased investment occupied by The Stepping Stones Group, a leading national provider of behavioral health, educational, and therapeutic services. The Property is strategically located along San Fernando Road in the Northeast San Fernando Valley, with convenient access to the I-5, SR-118, I-405, and I-210 freeways, providing exceptional regional connectivity and access to a large, densely populated residential trade area.

Current ownership completed significant renovations to accommodate the tenant's specialized use, resulting in a highly functional facility tailored to the tenant's operations. Further demonstrating its long-term commitment to the location, the tenant is investing additional capital at its sole cost and expense to permit and construct an outdoor play area.

The lease provides attractive long-term income growth through 10.4% rental increases in each option period. Additionally, the in-place rent remains at a reasonable and supportable level relative to the market, enhancing the property's long-term leasing fundamentals and rent replaceability. Backed by an established national operator and located within a dense infill market, the Property offers investors the opportunity to acquire a stable, income-producing asset with built-in rental growth and strong underlying real estate fundamentals.

Investment highlights

  • Established National Tenant - Leased to The Stepping Stones Group, a leading national provider of behavioral health and educational services
  • Attractive Rent Growth - 10.4% increases in each five-year option period
  • Significant Renovation Completed - Current ownership completed extensive renovations to accommodate the tenant's use
  • Strong Tenant Commitment - Tenant investing capital to permit and construct an outdoor play area at its sole cost and expense
  • Prime San Fernando Valley Location - Excellent access to the I-5, SR-118, I-405, and I-210 freeways in a dense infill market

Listing Contacts

JK
CA 01947051
Investment Real Estate Associates
Listed by Investment Real Estate Associates

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$284,925.00
$23,743.75/mo

Valuation Metrics

0
DSCR
5.7%
Cap Rate
5.7%
ROI

Map

Zoning

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M1-1-CUGU OverlayLimited Industrial Clean Up Green Up Overlay
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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