Property in Unknown, XX

Description

Rare Tarzana Owner/User Development Opportunity CBRE is pleased to exclusively present for sale 18618 Oxnard Street, an Owner User/Redevelopment campus located in Tarzana and in the heart of the San Fernando Valley, California. The site consists of one (1), two-story creative office building measuring approximately 46,128 SF total, situated on 1.51 acres of land. In terms of location, Tarzana and the San Fernando Valley as a whole are some of the most demanded and desirable markets in Southern California when considering the single digit vacancy rate, high barriers to entry, property values, and ease of transportation. As for residents, many enjoy the plentiful restaurants, historic monuments, recreational activities, cultural diversity, educational facilities, and the overall quality of life that the San Fernando Valley provides. The site is also situated across the street from the Reseda Orange Metro Line Station. As a Redevelopment opportunity, the site has a mixed zoning of M1 (limited industrial), (Q) RM1 (Restricted Industrial) and (P) Automobile Parking, on a rectangular parcel. The property is also eligible for Transit Oriented Communities (TOC), Affordable Housing Incentive Program, Tier 2, Allowing up to 60% bonus density. The current owner of the property is Columbia College Hollywood, a non-profit renowned film college. The college will require a short-term Sale Leaseback upon close of Escrow. The exact terms are to be negotiated with the potential purchasers. Please DO NOT disturb Columbia College Hollywood for any reason. The sale is for the REAL ESTATE ONLY, not the college.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

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