Retail Business for Sale in Los Angeles, CA

  • Price: $15.6M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA 91325
  • Size: 17,410 SF

Description

Newmark Pacific, as exclusive advisor, is pleased to present the opportunity to acquire the retail component of The Mix, an amenity-rich, two-building strip retail opportunity in Northridge, a prime San Fernando Valley submarket. Delivered in 2018 to institutional standards, the Property totals 17,410 square feet across 2.12 acres and is 85.4% leased to a nationally recognizable, credit-anchored lineup including Chipotle, Jersey Mike’s, Five Guys, Blue Palms Brewhouse, AhiPoki Bowl, Makenna Koffee, and Euphoria Urbana Cocina. The offering benefits from proximity to major employment nodes, California State University Northridge (CSUN), and immediate connectivity to I-405, SR-118, and US-101. Stable existing tenancy, vacancy upside, and strong real estate fundamentals, provide a unique opportunity for a new investor to leverage today’s retail demand to enhance future cash-flow.

Market Context

This retail in Los Angeles, CA is listed for sale at $15,600,000 across 17,410 SF. It has been on the market for 8 days. Compare it against other retail listings for sale in Los Angeles, CA — <a href="/search/sale/retail/california/los-angeles">view the full market</a>.

As of Q3 2023, the Greater Los Angeles retail market showed rents up 0.5% year over year, and cap rates around 5.0%. Source: Consensus Q3 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in Greater Los Angeles?
About 5.0% as of Q3 2023, per Consensus.

Unified Estimate

Medium Confidence

$318.26/SF – $430.58/SF

Mid: $374.42/SF

Total estimate for 17,410 SF: $6,518,652

Rate-first confidence-weighted blend with cost-of-business adjustment.

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