18501-18517 Ventura Blvd
Tarzana, CA 91356

Coffee Bean Anchored - Med. Conversion Opportunity Hudson Partners and BRC Advisors are the Exclusive Agents for the Coffee Bean anchored opportunity. This signalized corner has tremendous identity and exposure, cars daily at approximately +/-83,378 and spectacular foot traffic. The generous land size (33,681 SF) on Ventura Blvd lends itself to a development opportunity or a mixed-use project with Coffee Bean incorporated into the project. Currently, the parking ratio allows the possibility of medical office which has massive demand in this sub-market, given proximity to Tarzana Medical Center.The building is currently 41.63% vacant and 20.13% is currently under eviction. An owner-user Buyer can obtain up to 90% financing through SBA, if their intentions are to occupy 51% or more of the rentable square feet. However, there is conventional financing up to 80% for Buyers looking to occupy as little as 30% of the square footage. In either scenario, an owner-user can be anchor by Coffee Bean for all their patrons to enjoy, while they lower their occupancy costs. On the other hand, an investor could stabilize this asset and achieve an attractive Cap Rate for Ventura Blvd. Motivated Seller - Submit All Offers! Situated as the gateway property to the bustling new Tarzana Village, a hip new reinvigorated corridor in the West San Fernando Valley. This signalized corner is one of the best intersections in the San Fernando Valley, Reseda Blvd. and Ventura Blvd. Tarzana Village is anchored by a 55,800 square foot Whole Foods which is also the flanked by 20 other fine retailers. This 146,363 square foot Regional Retail Center was built in 2010 and changed the landscape to pedestrian oriented community. The Cahuenga/Ventura Blvd Specific Plan has designated this stretch of Ventura Blvd as pedestrian oriented making more attractive for a developer to negotiate density concessions. Village Walk at Tarzana Development was recently completed which consists of two sites: a 57 unit apartment project and 15 townhouse style units, catering to an affluent demographics. This development is contigous to Wholefoods. All theses amenities are walking distance to Vons, CVS, Gelson's Market, Home Goods, Sharkeys, Taco Bell, Walgreens, Starbucks, and Whole Foods, along with numerous eateries such as Kusuyu and tons of other retail. This opportunity is the end cap of the Tarzana Village.