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4/15/20
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A 13k sf, net-leased property in the San Fernando Valley community of Reseda sold for $9.3 mil, or $715/sf. It is located at 6400-6416 Tampa Ave, at the northeast corner with Victory Blvd.
The property is leased to Yogurtland and Walgreens, however, the Walgreens was dark at the time of sale. Walgreens had vacated the premises, but still has a lease in place through 2034.
Brandon Michaels and Lior Regenstreif with Marcus & Millichap represented the buyer and the seller, both private investment partnerships.
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