This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
8759 Sepulveda Blvd
9,123 SF of Retail Space Available in North Hills, CA 91343
Highlights
- North Hills Freestanding Retail/Commercial Building with Expansive Parking
- Covered Land Play | ~91 Buildable Units - By-Right | ~157 Buildable Units - Tier 3 TOC
- Great Visibility - 130 Feet of Frontage | Pylon and Building Signage | Versatile Underlying C2-1 Zoning
- Perfectly Positioned for an Owner User, Tenant, Value Add Investor or Developer - Property will be Delivered Vacant
- Sepulveda Blvd is the Main North/South Thoroughfare in North Hills
- Large Parcel - 0.84 AC | 61 Spaces (Parking Ratio - 6.69/1,000 SF)
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,123 SF | 5-10 Years | $33.00 /SF/YR $2.75 /SF/MO $301,059 /YR $25,088 /MO | Triple Net (NNN) |
1st Floor
Marcus & Millichap’s Agnew|Serling Group is pleased to present an exceptional opportunity at 8757-8759 Sepulveda Blvd, North Hills, CA. The subject property features a spacious 9,123 square foot retail building situated on a generous 0.84-acre C2-1 zoned parcel. Previously occupied as a fitness facility, the building’s open layout makes it suitable for a vast array of retail or office uses. Its versatile zoning and extensive parking—boasting 61 spaces, or 6.69 spaces per 1,000 square feet—accommodate a wide range of uses including those that are parking intensive (i.e. medical, restaurants, etc). Originally constructed in 1966, this property is strategically positioned on a high-traffic intersection of Sepulveda Blvd, which sees over 33,000 vehicles daily. The approximately 130 feet of frontage and pylon signage ensures excellent visibility, making it an attractive location for any business. The building is currently 100% vacant, offering immediate occupancy for an owner-user or tenant. For those interested in purchase financing, attractive 90% Loan-to-Value (LTV) Small Business Administration (SBA) loans are available for qualified buyers who intend to occupy at least 51% of the space. Alternatively, a value-add investor might consider this property as a covered land play surrounded by new construction apartment projects along a key thoroughfare in North Hills. The 0.84-acre parcel also presents an exciting development opportunity. The development potential by-right allows for approximately 91 buildable units. Alternatively, the development potential with the Tier 3 TOC incentive allows for approximately 157 buildable units. Other development incentives may apply such as AB 1287 and ED1. The subject property is just one block away from the Mission Gateway apartments at 8811 Sepulveda Blvd, a $138 million, five-story, 356-unit affordable housing complex. Directly across the street, at 8750 N Sepulveda Blvd, a 43-unit apartment development is under construction.
- Lease rate does not include utilities, property expenses or building services
- North Hills Freestanding Retail/Commercial
- Great Visibility - 130 Feet of Frontage
- Pylon and Building Signage
- Versatile Underlying C2-1 Zoning
- Large Parcel - 0.84 AC
- 61 Spaces (Parking Ratio - 6.69/1,000 SF)
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 8759 Sepulveda Blvd , North Hills, CA 91343
| Property Type | Retail | Year Built/Renovated | 1966/2009 |
| Property Subtype | Health Club | Parking Ratio | 6.69/1,000 SF |
| Gross Leasable Area | 9,123 SF |
| Property Type | Retail |
| Property Subtype | Health Club |
| Gross Leasable Area | 9,123 SF |
| Year Built/Renovated | 1966/2009 |
| Parking Ratio | 6.69/1,000 SF |
About the Property
Marcus & Millichap’s Agnew | Serling Group is pleased to present an exceptional opportunity at 8757-8759 Sepulveda Blvd, North Hills, CA. The subject property features a spacious 9,123 square foot retail building situated on a generous 0.84-acre C2-1 zoned parcel. Previously occupied as a fitness facility, the building’s open layout makes it suitable for a vast array of retail or office uses. Its versatile zoning and extensive parking—boasting 61 spaces, or 6.69 spaces per 1,000 square feet—accommodate a wide range of uses including those that are parking intensive (i.e. medical, restaurants, etc.). Originally constructed in 1966, this property is strategically positioned on a high-traffic intersection of Sepulveda Blvd, which sees over 33,000 vehicles daily. The approximately 130 feet of frontage and pylon signage ensures excellent visibility, making it an attractive location for any business. The building is currently 100% vacant, offering immediate occupancy for an owner-user or tenant. For those interested in purchase financing, attractive 90% Loan-to-Value (LTV) Small Business Administration (SBA) loans are available for qualified buyers who intend to occupy at least 51% of the space. Alternatively, a value-add investor might consider this property as a covered land play surrounded by new construction apartment projects along a key thoroughfare in North Hills. The 0.84-acre parcel also presents an exciting development opportunity. The development potential by-right allows for approximately 91 buildable units. Alternatively, the development potential with the Tier 3 TOC incentive allows for approximately 157 buildable units. Other development incentives may apply such as AB 1287 and ED1. The subject property is just one block away from the Mission Gateway apartments at 8811 Sepulveda Blvd, a $138 million, five-story, 356-unit affordable housing complex. Directly across the street, at 8750 N Sepulveda Blvd, a 43-unit apartment development is under construction.
Nearby Major Retailers
Contacts
-
Brin Hamblin -
Hannah Zager -
Joshua Yaris -
Ryan Rothstein-Serling -
Martin Agnew -
Agnew | Serling Group
Presented by
8759 Sepulveda Blvd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.