NoHo Redevelopment Opportunity 8265 Lankershim Blvd

Investment Highlights

.7 Acres / 30,492 SF Parcel in NoHo. Easy access to local freeways: .2 miles to the 5 Fwy, 1.31 miles to the 170 Fwy, 4.8 miles to the 101 Fwy. Situated directly across the street from the newly developed Hollywood Backlot Bungalows. Unique opportunity to redevelop or owner occupy and land bank this asset in this growing NoHo neighborhood. In-Place Income (Tenant Occupied). M1 Zoning allows for redevelopment as Retail, Retail Restaurant, Office, Truck, RV Storage, Mini Storage, Car Rental and Tow Yard Operator.

Executive Summary

Salisbury Group, Inc. a CA corporation is pleased to offer the Sale of a Redevelopment opportunity/owner/occupant land bank in this fast-growing NoHo neighborhood in the Lankershim Ranch.Discover an unparalleled opportunity to invest in a prestigious industrial property situated on the bustling Lankershim Blvd. in the heart of NoHo. Boasting a coveted location directly across from the iconic Hollywood Backlot Bungalows, 8265 Lankershim Blvd. offers an exceptional blend of visibility, accessibility, and potential for various commercial and industrial endeavors, such as City approved redevelopment in the LAM1 zone including but not limited to Industrial, Retail, Office and Restaurant uses.Lankershim Blvd. in Los Angeles is named in honor of the Lankershim family per Wikipedia. Isaac Lankershim struck his claim in Los Angeles buying and developing the 60,000 acres now known as North Hollywood, Van Nuys, Sherman Oaks, Encino, Tarzana and Woodland Hills. Be part of the Lankershim Legacy of Success!NoHo aka North Hollywood is booming with a friendly city climate for redevelopment in this growing neighborhood.This property consists of a 2,400 to 6,720 SF building on .7 acres / 30,492 SF parcel of valuable land.North Hollywood, located in the San Fernando Valley region of Los Angeles, has several attractions that draw people to the area:1. Arts District: North Hollywood is known for its vibrant arts scene, with numerous galleries, theaters, and art studios. The NoHo Arts District, in particular, is a hub for actors, dancers, musicians, and artists.2. Entertainment Industry: Many people are attracted to North Hollywood because of its proximity to the heart of the entertainment industry. The area is home to several major studios, including Universal Studios, and is known for its history in film and television production.3. Dining and Nightlife: North Hollywood offers a variety of dining options, ranging from casual eateries to upscale restaurants. The area also has a lively nightlife scene, with bars, clubs, and live music venues.4. Shopping: North Hollywood has a number of shopping destinations, including the North Hollywood Arts District and the NoHo Commons shopping center. Visitors can find a range of shops, boutiques, and galleries selling everything from clothing and jewelry to artwork and home goods.5. Cultural Diversity: Like much of Los Angeles, North Hollywood is known for its cultural diversity. The area is home to people from a variety of backgrounds, which contributes to its vibrant and eclectic atmosphere.Overall, North Hollywood's mix of arts, entertainment, dining, and cultural diversity make it a popular destination for both visitors and residents alike.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Bank General Retail Restaurant Freestanding
• Building Size    4,896
• Building Class    C
• Year Built/Renovated    1978/2001
• Price    5,500,000
• Price Per SF    1,123
• Cap Rate    6.35
• NOI    349,452
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.31
• Land Acres    0.36 AC

• Bus Line
• Fenced Lot
• Signage
• Shallow Bay