Valley Plaza Medical/Professional Building
Prime NoHo Value Add Owner User or Investment Commercial
Marketing description
NAI CAPITAL COMMERCIAL IS PLEASED TO PRESENT 6450 BELLINGHAM AVE, a nicely maintained neighborhood commercial building in prime North Hollywood. The approximately 10,500 SF asset consists of two stories of office over retail, with a total of seven tenant suites. The in-line building rests near the corner of Bellingham Ave and Hamlin St, and enjoys the benefits of being positioned within the larger plaza association, consisting of Target, Ross, Burlington, and a wide variety of local retailers.
6450 Bellingham is ideally located within the heart of North Hollywood, one of the San Fernando Valley’s most up and coming areas. The property is located directly off the 170 Freeway just a few blocks west of the NoHo Arts District, and less than one mile from NoHo West, which features 470 living units, 500,000 SF of office space and 190,000 SF of retail. In addition, the property is located within a Qualified Opportunity Zone, making it an ideal opportunity for future development.
With short term leases in place, the property offers incredible flexibility to a new owner user to occupy up to within the first year of ownership, while enjoying the benefit of income from the remaining tenants. Qualifying owner users seeking to occupy 51% or more of the building can obtain SBA financing with as little as 10% down payment.
Investment highlights
- Prime Mixed Use Owner User / Investment Opportunity
- Approximately 10,500 SF Mixed Use Property in Prime North Hollywood.
- Ground Floor Retail and Second Floor Office with Upside in Rents.
- Incredible Owner User Opportunity.
- Located within Qualified Opportunity Zone and the Path of Rapid Gentrification
- Over 100 Parking Spaces Available in Adjacent Lots.
- wnvested since 2005 by developers of retail, commercial, residential projects.
- As a cultural hub for artists and entertainers, North Hollywood is a major destination for visitors and residents alike.
- Creative businesses are taking root in North Hollywood due to its access to the Metro, city life, and live/work spaces.
- North Hollywood is a place of continuing development as it currently has over 30 large-scale development projects under construction and / or in planning.
- Strong Immediate Demographics
- Average household Income of $83,428 within a five mile radius.
- Population of 568,811 within a five mile radius.
- Strong local economy with significant job growth over a multitude of diverse sectors.
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