Multi-Tenant Retail Office
For Sale
Contact for pricing
17020 - 17058 Chatsworth St., Granada Hills, CA 91344
Single-story retail and two-story multi-tenant retail/office building with 6 retail units and 34 office suites.
Property SizeContact for details
Lot Size1.80 Acres
Days on Market121
Property Features for 17020 - 17058 Chatsworth St.
General Information
Standard status
Active
Total Parking Spaces
125
Lot size
1.80 Acres
Property subtype
Mixed Use
Zoning
C 1- 1VL
Additional Details
Cap Rate
8%
Office Units
34
Building Details
Tenancy
Multi
Listing Agency:
Apex Properties
Listed By:
Chris Comfort · License #CA 01794409
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Apex Properties
Investment Insights
Based on property information with market context.
Apex Properties presents a multi-tenant retail and office investment in Granada Hills, CA, featuring a single-story 99 Cent Only Store and a two-story building with retail and office space. The property includes 6 retail shop units and 34 office suite units. The office portion is equipped with HVAC and an elevator, and all office suites are currently on month-to-month lease terms.
99 Cent Only has been at the location for over 20 years and recently exercised its fifth lease extension, with the option period beginning in February 2019. The company reports expected 2018 revenue of $2.25 billion and 8%-8.5% same-store sales growth (as stated in the remarks), and the lease has one remaining 5-year option beginning in February 2024.
The offering sits on a 1.8-acre lot with approximately 125 parking stalls. The remarks also cite C 1-1VL zoning and future development potential for commercial or residential units.
99 Cent Only has been at the location for over 20 years and recently exercised its fifth lease extension, with the option period beginning in February 2019. The company reports expected 2018 revenue of $2.25 billion and 8%-8.5% same-store sales growth (as stated in the remarks), and the lease has one remaining 5-year option beginning in February 2024.
The offering sits on a 1.8-acre lot with approximately 125 parking stalls. The remarks also cite C 1-1VL zoning and future development potential for commercial or residential units.
Key Highlights
- 99 Cent Only Store on a 1.8‑acre lot with ~125 parking stalls
- 99 Cent Only recently exercised a lease extension; option period begins Feb 2019 with one remaining 5‑year option starting Feb 2024
- Two‑story multi‑tenant building includes 6 retail shop units and 34 office suite units
Property Analytics
Current Use
Lease Details
34
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 91344, CA
52,481
Population
18,424
Households
2.8
Avg Household Size
43
Median Age
37%
College-Educated
88%
High-School Grad
14.5 sq mi
ZIP Area
3,619
Density / Sq Mi
$116,647
Median Household Income
$57,857
Median Earnings
$2,276
Median Rent
$872,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Single-story retail and two-story multi-tenant retail/office building with 6 retail units and 34 office suites.
Where is this office units located?
The property is located at 17020 - 17058 Chatsworth St. Granada Hills, CA.
What are key features of this property?
This property features: 99 Cent Only Store on a 1.8‑acre lot with ~125 parking stalls; 99 Cent Only recently exercised a lease extension; option period begins Feb 2019 with one remaining 5‑year option starting Feb 2024; Two‑story multi‑tenant building includes 6 retail shop units and 34 office suite units
