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Redevelopment Opportunity: Bank of America 17650 Saticoy St

987 SF Retail Building Van Nuys, CA 91406 £2,773,156 (£2,810/SF) 2.74% Net Initial Yield

Investment Highlights

  • Rare opportunity to acquire larger parcel in Van Nuys, the most populous neighborhood in the San Fernando Valley
  • Incredibly dense population with over 635,000 people within a 5-mile radius
  • Excellent ingress/egress with four curbs cuts – two on Saticoy St, one on White Oak Ave, and one on Tierra St
  • Very flexible zoning in C-4 (see page 6)
  • Property is located 2.5 miles south of US-101 and 2.5 miles east of I-405
  • Limited retail competition in the immediate trade area - Bank of America has been at the location since 1981

Executive Summary

8.60 Acres of developable land on a major thoroughfare in Northern California

Attachments

BofA_VanNuysCA

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
987 SF
Year Built
1981
Price
£2,773,156
Price Per SF
£2,810
Net Initial Yield
2.74%
NOI
£75,984
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
0.46 AC
Zoning
LAC4
Parking
9 Spaces
Frontage
26 ft on Saticoy Street
1 of 1
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Ralphs
Chase Bank
Starbucks
Body & Brain
Bank of America
Sizzler
Lee's Sandwiches
Citi
Yoshinoya

PROPERTY TAXES

Parcel Number 2202-025-024 Improvements Assessment £214,329
Land Assessment £659,472 Total Assessment £873,801

PROPERTY TAXES

Parcel Number
2202-025-024
Land Assessment
£659,472
Improvements Assessment
£214,329
Total Assessment
£873,801
(415) 269-8969

Contacts

  • Listing ID: 29801270

  • Date on Market: 18/04/2023

  • Last Updated:

  • Address: 17650 Saticoy St, Van Nuys, CA 91406

The Retail Property at 17650 Saticoy St, Van Nuys, CA 91406 is currently available for sale. Contact Monarch Commercial Advisors for more information.

Nearby Listings

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17650 Saticoy St, Van Nuys, CA for sale Primary Photo- Image 1 of 5
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17650 Saticoy St, Van Nuys, CA for sale Building Photo- Image 2 of 5
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17650 Saticoy St, Van Nuys, CA for sale Building Photo- Image 3 of 5
17650-Saticoy-St-Los-Angeles-CA-21
17650 Saticoy St, Van Nuys, CA for sale Building Photo- Image 4 of 5
17650-Saticoy-St-Los-Angeles-CA-20

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© 2024 CoStar Group

Redevelopment Opportunity: Bank of America | 17650 Saticoy St
(415) 269-8969 x

Redevelopment Opportunity: Bank of America | 17650 Saticoy St

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David Lucas

(415) 269-8969

(415) 269-8969

Brandon Norton

(925) 286-5049

(925) 286-5049

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