NAI Capital Completes Single-Tenant Investment Sale Of #1 Sushi House in Woodland Hills, CA
Los Angeles, CA, Tuesday, June 27, 2017– Executive Vice President, Matt Ehrlich with NAI Capital’s Encino office completed a single tenant investment sale of a 3,567 square foot restaurant property in Woodland Hills, Calif. The buyer, Canzonet Investments, LLC, was represented by Ehrlich in the transaction. The seller was Green Springs Partners, LLC. The transaction totaled $1.99 million or $585 per square foot at a 6.8% cap.
The restaurant property is located at 19723 Ventura Boulevard. Built 1955, the building was been completely remodeled in 2007. The property has approximately 3,567 square feet of rentable space with 50 feet of frontage along Ventura Boulevard. Ventura Boulevard is one of the heaviest traveled streets in Los Angeles, with above average disposable income within 3-mile radius. The restaurant seats a total of 60 customers with 16 seats at the Sushi Bar and 44 seats for dining. The property is 100% leased to a SUSHI ICHIBAN KAN, which means "# 1 Sushi House".
Ehrlich said, “#1 Sushi House is well established and has been very successful at this location for years. This is a solid investment from my client. The appetite from our investor clients remains strong for single-tenant investment deals.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Industrials and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #00806840.
To learn more, visit www.naicapital.com.
About NAI Global
Founded in 1978, NAI Global is a leading global commercial real estate brokerage firm. NAI Global Industrials are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 Industrials strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
# # #