Capri Plaza Shopping Center

Highlights:

• EXCELLENT IN-PLACE INCOME WITH APPRECIATION POTENTIAL - Offered at ±94.3% occupancy and a net operating income of $1.49 million in year 1 of ownership, the investment offers excellent immediate cash flow potential plus the ability to raise rents and convert gross leases to NNN.
• IDEAL PROPERTY LAYOUT AND UNIT SIZE - Consisting of units between 900-3,000 sq. ft. each, Capri Plaza offers a range of unit layouts that helps maximize rent collections. With ample parking, service elevator, and strong signage, the plaza caters to a wide range of users.
• PRICED BELOW REPLACEMENT COST - At anticipated pricing, the Property is priced well below the all-inclusive cost of building a similar 59,981 sq. ft. mixed-use building.
• EXCELLENT TENANT MIX - Consisting of restaurant, medical, professional services, beauty, fashion and daily needs, the tenancy appeals to a wide-range of consumer demands of residents and businesses.
• DELIVERED FREE AND CLEAR OF DEBT - Investors can buy the investment all-cash or obtain financing at today’s attractive rates.
• STRONG INFLATION HEDGE - The existing leases contain strong rental increases during initial lease term and option periods, which allows for income growth. Additionally, several existing leases are below comparable market rents, leaving opportunity to increase value as leases turn over.
• ESTABLISHED TENANCY - Multiple tenants have occupied their respective units five (5) to over ten (10) years and have heavily invested into their tenant improvements.

Description:

HIGHLY STRATEGIC AND DESIRABLE REAL ESTATE LOCATION WITH PARKING IN THE WEST SAN FERNANDO VALLEY OF LOS ANGELES

ONE (1) LARGE PARCEL WITH 185 DEDICATED SURFACE PARKING - Capri Plaza benefits from a large surface parking area providing easy access for consumer visiting the center. Additionally, excellent signage and superior frontage of 414’ feet along Ventura Boulevard givens tenants’ maximum exposure.

PROXIMITY TO PROVIDENCE CEDARS-SINAI MEDICAL CENTER - Capri Plaza is less than two (2) miles from Providence Cedars-Sinai Tarzana Medical Center, which boasts 245 licensed beds and over 1,455 full-time employees. Providence-Cedars is the main hospital catering to the West San Fernando population and recently completed a several hundred-million-dollar renovation.

PRIME VENTURA BOULEVARD ASSET - Capri Plaza is an attractive office/retail property with excellent frontage 414’and signage along the heavily vehicular and pedestrian traveled Boulevard.

NEAR WARNER CENTER & MAJOR EMPLOYMENT DRIVERS - Capri Plaza is located within three (3) miles from Warner Center - a prominent business district in the western San Fernando Valley. Known for its concentration of office buildings, retail centers, and residential complexes, Warner Center serves as a hub for commerce and community life and is also home to the Los Angeles Rams headquarters and practice facilities. Major employment centers including Pierce College, Taft High School, and Kaiser Permanente Woodland Hills are a short drive away.

NEARBY 101 FREEWAY ON AND OFF RAMPS - Situated along Ventura Boulevard between Tampa Boulevard and Winnetka Boulevard provides ease of access to the 101 freeway.

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