sale offering investment/development opportunity
TRANSCRIPT
Sale Offering
Investment/Development Opportunity West San Fernando Valley
CONTACT Les Small
o: 310-785-2000
c: 310-785-2200
DRE 00692938
Vanowen St
21407 & 21413 Vanowen Street
The property offers an excellent investment and development opportunity consisting of two freestanding
retail buildings totaling approximately 8,288 square feet. Both buildings are currently leased with net
operating income for 2019 of approximately $176,641. Rents are currently below market.
Located at the intersection of Vanowen Street and Canoga Avenue in Canoga Park, the property benefits
from street frontage along a busy thoroughfare in the west San Fernando Valley that averages over
50,000 vehicles per day with high population density.
No warranties or representations, expressed or implied, are made as to the accuracy or completeness of the information contained here and same is submitted subject to errors,
omissions, or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. All sizes are approximate. LesMark makes no commitment
to update the information contained herein, and may make any changes to these materials at any time without notice. In no event shall LesMark or their affiliates be liable for any
damages whatsoever (including, without limitation, damages for loss profits, business interruption, or loss of opportunity) arising out of the use of the information contained herein.
You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Property Summary
Overview
Address
21407 Vanowen Street, Canoga Park, CA 91303
21413-21415 Vanowen Street, Canoga Park, CA 91303
Building Size
4,788 SF (21407 Vanowen Street)
3,500 SF (21413-21415 Vanowen Street)
8,288 SF Total
Pricing
$3,890,000
NOI
Approx. $176,641 (as of 10/1/19)
APN
2138-011-025 (21407 Vanowen St)
2138-011-024 (21413-21415 Vanowen St)
No warranties or representations, expressed or implied, are made as to the accuracy or completeness of the information contained here and same is submitted subject to errors,
omissions, or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. All sizes are approximate. LesMark makes no commitment
to update the information contained herein, and may make any changes to these materials at any time without notice. In no event shall LesMark or their affiliates be liable for any
damages whatsoever (including, without limitation, damages for loss profits, business interruption, or loss of opportunity) arising out of the use of the information contained herein.
You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Year Built
1956 (21407 Vanowen Street)
1957 (21413-21415 Vanowen Street)
Parcel Size
8,296 SF / 0.1904 acres (21407 Vanowen Street)
7,172 SF / 0.1647 acres (21413-21415 Vanowen Street)
15,468 SF / 0.3551 acres Total
Construction
Frame and stucco
Zoning
LAC1
Parking
On-site parking
Aerial Map
Vanowen St
Subject Property
Location Map
Canoga Park
Current Tenants
Building: 21407 Vanowen Street
Tenant: All Car Parts, Ltd.
Approx. 4,788 SF
Monthly rent is $7,917.44 NNN
Lease Expiration March 31, 2024
In the event of sale, Landlord can cancel lease with six months’ notice,
with some reimbursement of costs.
Building: 21413-21415 Vanowen Street
Tenant: Rocket Liquor
Approx. 1,750 SF (21413 Vanowen Street)
Monthly rent is $3,605 NNN, as of July 1, 2019
Lease Expiration June 30, 2022
In the event of sale, Landlord can cancel lease with six months’ notice.
Tenant: Dragon King Restaurant
Approx. 1,750 SF (21415 Vanowen Street)
Monthly rent is $3,197.67 NNN
Lease Expiration December 31, 2019
Option to Extend for additional 5 years at Market Rental Value
In the event of sale, Landlord can cancel lease with six months’ notice.
CONTACT Les Small
o: 310-785-2000
c: 310-785-2200
DRE 00692938
Please do not disturb current tenants.