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PLS Financials Services 6801 Van Nuys Blvd

5,860 SF Retail Building Van Nuys, CA 91405 £2,783,522 (£475/SF) 5.44% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • PLS Financial Services, Inc. (PLS) is one of the largest check cashing companies with over 200 locations in twelve (12) states.
  • The property, sits on .30 acres, consists of a single story (1) freestanding building totaling 5,811 sq. ft. with ample parking.
  • Lease is thoughtfully structured to allow NNN reimbursement by Tenant, along with a fifteen percent (15%) administrative fee reimbursement on CAMS.
  • The subject property is a passive Single Tenant Net Leased investment on a highly prominent corner in Urban Los Angeles.
  • The PLS lease includes structured increases of 2.5% annually, providing an inflation hedge.
  • PLS has successfully operated at this location since 2015.

EXECUTIVE SUMMARY

Single Tenant Net Leased Investment

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,860 SF
Building Class
C
Year Built/Renovated
1990/2015
Price
£2,783,522
Price Per SF
£475
Net Initial Yield
5.44%
NOI
£151,326
Tenancy
Single
Number of Floors
1
Building FAR
0.44
Lot Size
0.30 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
LAC2
Parking
15 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
92 ft on Van Nuys Blvd

AMENITIES

  • Bus Route
  • Signage
  • Signalised Intersection

LINKS

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Walk Score®
Very Walkable (88)
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of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
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NEARBY MAJOR RETAILERS

Jons Marketplace
Crunch
Citi
Starbucks
The YMCA
Bank of America
Yoshinoya
Rent-A-Center
Sizzler
The Buffalo Spot

PROPERTY TAXES

Parcel Number 2219-025-030 Improvements Assessment £710,627
Land Assessment £657,253 Total Assessment £1,367,880

PROPERTY TAXES

Parcel Number
2219-025-030
Land Assessment
£657,253
Improvements Assessment
£710,627
Total Assessment
£1,367,880
(818) 259-0476

CONTACTS

  • Patrick Wade
    Patrick Wade
  • Alex Kozakov
    Alex Kozakov
  • Matthew Greenberg
    Matthew Greenberg
  • Jack Webber
    Jack Webber
  • Bo Henderson
    Bo Henderson
  • Vivian Tran
    Vivian Tran

  • Listing ID: 34147921

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 6801 Van Nuys Blvd, Van Nuys, CA 91405

The Retail Property at 6801 Van Nuys Blvd, Van Nuys, CA 91405 is currently available for sale. Contact CBRE, Inc. for more information.

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6801 Van Nuys Blvd, Van Nuys, CA for sale Building Photo- Image 1 of 5
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6801 Van Nuys Blvd, Van Nuys, CA for sale Building Photo- Image 2 of 5
PLS Aerial
6801 Van Nuys Blvd, Van Nuys, CA for sale Building Photo- Image 3 of 5
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PLS Financials Services | 6801 Van Nuys Blvd
(818) 259-0476 x

PLS Financials Services | 6801 Van Nuys Blvd

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Patrick Wade

(818) 259-0476

(818) 259-0476

Alex Kozakov

(213) 613-3031

(213) 613-3031

Matthew Greenberg

(213) 613-3544

(213) 613-3544

Jack Webber

(310) 529-4040

(310) 529-4040

Bo Henderson

(310) 892-5644

(310) 892-5644

Vivian Tran

(213) 613-3642

(213) 613-3642

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