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Nordhoff Street BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM ARTISAN SQUARE 1,407,532 SF TAMPA AVE APARTMENTS SHOPPING MALL 2 story apartment with 140 units SHIRLEY AVE THE VILLAGE AT NORTHRIDGE NORDHOFF ST An assisted living N community SYMMETRY APARTMENTS O R 6 story apartments D with 429 units and 914 H parking spaces O F F W A Y Nordhoff Street 1.315 Acres of Unique Covered Land Prime Northridge UNIQUE COVERED LAND OPPORTUNITY IN Land Zoned C4 Opportunity Location NORTHRIDGE, CA 91324 1 INVESTMENT ADVISORS NORDHOFF ST | NORTHRIDGE, CA 19456 BRANDON MICHAELS Senior Managing Director of Investments Senior Director, National Retail Group Tel: (818) 212-2794 Fax: (818) 212-2710 [email protected] License: CA #01434685 www.BrandonMichaelsGroup.com CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party re- ceiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified infor- mation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for aw thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminat- ing substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the finan- cial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we be- lieve to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Mar- cus & Millichap. All rights reserved. NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The pres- ence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or TABLE OF CONTENTS commercial listing of Marcus & Millichap, and is solely included for the pur- pose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DE- TAILS. SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as 1 2 3 intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, PROPERTY OVERVIEW AREA OVERVIEW RENT COMPARABLES contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.) 2 3 19456 NORDHOFF ST 4 5 VAN NUYS SHERMAN OAKS NORTH HILLS VILLAGE POINTE APARTMENT 2 story apartment with 258 units. RESEDA BLVD ALISON CANYON WASH MERIDIAN POINTE APARTMENT Rental units ranging from 268-928 NORDHOFF ST sq ft starting at $1250 ARTISAN SQUARE RESEDA BLVD APARTMENTS TAMPA AVE 2 story apartment with MERIDIAN PLACE 140 units APARTMENT Mixed-use upscale apartment complex with ~ 500 units THE VILLAGIO ADLER APARTMENTS SHIRLEY AVE WILBUR AVE 3 story apartment with 338 apartments on 86 units 46,000 square feet of PARTHENIA ST private open space 1,407,532 SF NORDHO PLUMMER ST FF WAY SHOPPING MALL TAMPA AVE NORDHOFF ST SYMMETRY APARTMENTS 6 story apartments with 429 units and 914 parking spaces SHIRLEY AVE CORBIN AVE THE VILLAGE AT NORTHRIDGE An assisted living 6 community 7 STRONG IMMEDIATE DEMOGRAPHICS AND NORDHOFF ST | NORTHRIDGE, CA 19456 PRIME NORTHRIDGE LOCATION DENSE POPULATION • Ideally located directly across from the Northridge • 13,175 square foot building currently leased to Total Fashion Plaza and Nordhoff Plaza Woman Gym & Day Spa through 12/31/2022 • Located less than two miles from California State • 57,283 square feet of land zoned C4 University Northridge • Current zoning allows for “by-right” development of one • Within close proximity to significant new multi-family residential unit per 400 square feet of land development • Site is eligible for a 35% state density bonus • Significant growth in the immediate area north of 15% over • Ideal location for residential redevelopment the past decade • High daily traffic counts exceeding 35,000 vehicles per day WHY BUY HIGHLY AMENITIZED LOCAL SUB-MARKET 19456 WITH SIGNIFICANT DEVELOPMENT NNN LEASE IN PLACE WITH NORDHOFF ST • Significant development in the immediate area including PUBLICLY TRADED COMPANY the brand new Symmetry Apartments, a brand new • Currently leased to Total Woman Gym & Day Spa contemporary apartment community, directly across the • Lease expired 12/31/2022 street • Total Woman Gym & Day Spa has 10 locations throughout • Within less than 1.5 miles from the 24 acre approved California master planned MGA Entertainment Campus • Lease is Guaranteed by Town Sports International • Multiple national retailers in the immediate area Holdings including Lowe’s Home Improvement, Chick-Fil-A, Costco • Traded on the NASDAQ under CLUB UNIQUE COVERED LAND OPPORTUNITY Warehouse, Best Buy, Target, Kohl’s, PetSmart, and many • TSI Holdings operates 190 clubs with approximately others • 13,175 square foot building currently leased to Total Woman 605,000 members • Centralized West San Fernando Valley location with Gym & Day Spa through 12/31/2022 access to the 118 and 101 Freeways • 57,283 square feet of land zoned C4 • Current zoning allows for “by-right” development of one residential unit per 400 square feet of land • Site is eligible for a 35% state density bonus • Ideal location for residential redevelopment 8 9 19456 NORDHOFF ST | NORTHRIDGE, CA Unique Covered Land Opportunity consisting of a 13,175 square foot building currently occupied by Total Woman Gym & Day Spa situated on 1.315 Acres of Land Zoned C4 ideal for residential re-development located directly across from the Northridge Fashion Center and less than TAMPA AVE two miles from California State University Northridge in the prime West San Fernando Valley Sub-market of Northridge, CA 1,407,532 SF The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent for sale 19456 Nordhoff Street, a 13,175 square SHOPPING MALL foot building currently occupied by Total Woman Gym & Day Spa. The subject property is ideally situated on 1.315 Acres of Land Zoned C4 ideal for residential SHIRLEY AVE ARTISAN SQUARE re-development directly across from the Northridge Fashion Center and less than two miles from California State University Northridge in the prime West San APARTMENTS Fernando Valley Sub-Market of Northridge, CA. 2 story apartment with 140 units N 19456 Nordhoff Street is located at the convergence of Nordhoff Way and Nordhoff Place amongst a sea of national retailers, numerous dining options, and O R dense residential directly acrss from the Northridge Fashion Center and Nordhoff Plaza. This high traffic location benefits from daily traffic counts north of D H 35,000 vehicles per day. The current tenant, Total Woman Gym & Spa, is on an absolute NNN lease which expires on 12/31/2022. This tenant has successfully NORDHOFF ST O F F operated at this location for over 20 years since 1999. Total Woman Gym & Spa currently has 10 locations in California. THE VILLAGE AT W NORTHRIDGE A An assisted living SYMMETRY APARTMENTS Y community 6 story apartments The existing lease is guaranteed by Town Sports International Holdings (or TSI Holdings; NASDAQ: CLUB) is an operator of fitness centers in the Eastern United with 429 units and 914 States, California and in Switzerland. Its brands include New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports
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