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August 12, 2020
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SOUTHERN CALIFORNIA NEWS
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Two-Tenant Retail Property in the San Fernando Valley Sells for $715/sf

4/15/20

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.

Photo: Google Maps
Photo: Google Maps
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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