Current Use by Public Records
- Retail properties & Spaces
Property Details for 8401 Van Nuys Blvd
- Property type
- Retail properties & Spaces
Description
Panorama Mall presents a unique investment opportunity in Los Angeles County. This enclosed shopping center boasts a substantial 308,000 square feet of retail space, currently offering 13 available units ranging from 144 to 4,500 square feet. The property features ample parking with 1,275 spaces to accommodate shoppers and tenants. Its strategic location within a densely populated trade area offers significant potential for growth. The surrounding area is home to over 351,000 people within a 3-mile radius, with a notable 77% Hispanic population. This translates to a robust consumer base with an annual household income exceeding $6 billion, including over 17,000 households earning more than $50,000 annually. As the only enclosed mall within a 5-mile radius, Panorama Mall enjoys a dominant market position, ensuring high visibility and foot traffic. This makes it an ideal location for a variety of retail businesses seeking to tap into a thriving and diverse community. The multiple tenancy structure provides flexibility for diverse business models and potential for synergistic partnerships. This property offers a compelling combination of size, location, and market dominance, making it an exceptional investment opportunity.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.45
- Latitude
- 34.2232
