Sold – Corner Strip Center in North Hollywood with 7,450 SF
- SALE PRICE: $1,925,000
- SALE DATE: 10/31/2008
- CAP RATE: 6.5%
- BUILDING SIZE: 7,450 sf
- PROPERTY TYPE: Retail Strip Center
- LOT SIZE: 0.36 Acres
5648 Cahuenga Blvd is located within walking distance from the dense and thriving NoHo Arts District of the San Fernando Valley. North Hollywood is experiencing massive growth in residential, retail, and commercial development. This redevelopment includes the NoHo commons Mixed Use project, the Metro Mixed Use, and various apartment and condominium developments.
Situated minutes from the Red Line Metro Station and Orange Line Bus way depot, the property provides easy and convenient access to a variety of transportation routes. Cahuenga Blvd is an busy thoroughfare running North-South through North Hollywood.
The Cahuenga Center is a wonderful corner lot strip center in North Hollywood of the San Fernando Valley. Opportunities to acquire strip centers in this part of Los Angeles occur very rarely. The property is very well maintained with recent upgrades made to the exterior.