Current Projects
Ground Lease Opportunity
NWC Burbank & Sepulveda, Van Nuys
Freeway-adjacent commercial site available for ground lease. Site comprises two lots which can accommodate either one or two tenants; aggregate land area equals +1.69 acres. Zoned C2-1L (City of Los Angeles), ideal for retail, office or medical uses (drive-thru permissible). Intersection exceeds 90,000 vehicles daily plus 215,000 vehicles per day on the 405. High density locale (244,247 within a three-mile radius); average household income is $84,506. Current ground lease expires February 2019.
19-Lot Subdivision
9092 Catawba Avenue, Fontana
A 19-lot residential subdivision available for sale with an approved tentative map. The property consists of a 3.89 net acre single-family residential site (R-1 zoned) in an up and coming suburban neighborhood experiencing high velocity sales volumes. Lot sizes range from 6,780 square feet up to 11,580 square feet with an average lot size of 8,234 square feet; the density equals 4.88 dwelling units per net acre.
Single-Tenant, NNN Citibank
1995 41st Avenue, Capitola
A single-tenant, absolute NNN-leased, Bay Area coupon clipper. Long-term corporate lease with Citibank (S&P rated A - investment grade credit). Below-market rents with annual rent escalations. Building comprises 5,215-square feet with a drive-thru on a 20,865-square foot lot. The site occupies a prominent gateway corner within a regional mall anchored by Target, Kohl's and Macy's; a major renovation of the mall is in design.
Transaction Closed