1030-1099 East Los Angeles Avenue | Simi Valley

Status: For Sale
Property Type: Retail
Price: $6,400,000
Building Area: 15,207 SF
Cap Rate: 5.43%
NOI: $342,208

www.1030LAAve.com

Investment Opportunity

Marcus & Millichap, as exclusive advisor, is pleased to present the fee simple interest in 1030 East Los Angeles Avenue (“the Property” or “Los Angeles Square”), a NNN fully leased, multi-tenant retail center located on the signalized corner of two vital thoroughfares in the affluent Southern California community of Simi Valley.

A truly dynamic location on the corner of East Los Angeles Avenue and First Street, with the former acting as the main retail corridor for all of Simi Valley, and the latter connecting the 118 Freeway and the Simi Town Center Mall to the affluent community of Wood Ranch. Tenants at Los Angeles Square benefit from traffic counts exceeding 53,000 vehicles per day, easy access to the 118 and 23 Freeways, and a dense, affluent residential community. Extensive recent renovations to the exterior, common areas, and mechanical systems minimize future capital costs for the investor while also placing the Property as one of the more modern and attractive retail centers in Simi Valley. The diverse and seasoned tenant roster boasts a weighted average lease term remaining of 5.2 years, making Los Angeles Square an ideal 1031 Exchange investment or portfolio acquisition.