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sale information for:
Retail Shopping Center | 8242 White Oak Ave, Northridge, CA

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Retail Shopping Center | 8242 White Oak Ave, Northridge, CA

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For Sale $5,500,000

Property Information:

RETAIL SHOPPING CENTER


8242 White Oak Ave (Corner of Roscoe Blvd.), Northridge, CA



Investment Highlights:

• Being sold on behalf of a State Court appointed Receiver
• Well anchored with Dollar Tree and 7-11
• Recently Remodeled
• Significant Frontage and Visibility – Unmatched visibility on White Oak and Roscoe intersection
• Strategic University Location – The property is near California State University Northridge
• More than 508,100 people in a 5-mile radius with an Average Household Income exceeding $102,800
• Cap rate 5.5%
• Asking Price $5,500,000

Address: 8242 White Oak, Northridge, CA
Parcel Number: 2201-001-021
Land Area: 34,288 SF
Year Constructed: 1954
Type of Construction: Wood Frame Stucco
Number of Stories: 1
Square Footage of Building: 17,220 SF
Parking Spaces: Approx 45

City of Northridge
Since 2000, The San Fernando Valley has been experiencing consistent population growth and is home to more educated individuals than the rest of the City and County with 118,575 individuals with graduate or professional degrees and 239,705 with bachelor’s degrees. Various large employers in the area include Yahoo, Kaiser Permanente, and Warner Brothers, along with key tenants such as Healthcare Partners – A DaVita Medical Group, The Oncology Institute of Hope & Innovation, and Medical Center Pharmacy.

Due Diligence Information is Available: (see Offering Memorandum)
• Title Report
• Tenant Leases
• Financial Statement through September 2019
• Financial Statement 2019

• Buyer will present offer on a CAR commercial purchase and sales agreement
• Buyers are required to provide proof of funds to close with offer
• Buyer to deposit 3% of the purchase price into escrow, balance at closing
• 30 day escrow period or less
• All offers are subject to a court confirmation and in court overbidding (if needed)
• Escrow company will manage the closing transaction
• Email: Todd@Braunco.com
• Phone: 310.798.3123