Property Type: Retail
Sub Type: Neighborhood Retail Center
Investment Type: Value Add
Lease Type: NNN
Year Built: 1956/1959
A true value-add opportunity for investors and owner-users located at 21615 – 21625 Devonshire Street, Chatsworth in the heart of the San Fernando Valley region of Los Angeles.
The property is strategically located immediately adjacent to a Ralphs grocery anchored shopping center and other major retailers.
The property is positioned just east of the signalized intersection of Devonshire Street and Owensmouth Avenue. Devonshire Street is one of the main retail corridors through the City of Chatsworth with an average daily car count exceeding 22,000.
The property consists of a 12,000 square foot multi-tenant retail building on a 32,996 square foot lot. The property benefits from a dense infill location with 93,350 residents and an average household income of $114,482 within a 3-mile radius.