Value Add Neighborhood Shopping Center For Sale
8707 Lindley Ave
Northridge, CA 91325-3083
Highlights
- Value add
- Proforma CAP Rate 6.597
- Proforma NOI $296,898
- Lease pending for vacancy
- Full NNN leases
- Corner location
- 85.5% occupancy
- 9 units
- C2 zoning
- 11,050 SF building
- 1986 construction
- Northridge area location
Description
Value-add neighborhood shopping center FOR SALE – Near CSUN: $4,500,000
Exceptional investment opportunity in the heart of Northridge. This well-located neighborhood shopping center sits just half a mile from California State University, Northridge (CSUN)—one of the largest universities in California with nearly 40,000 students and faculty generating steady traffic and demand for daily-needs retail.
Positioned at the signalized northwest corner of Parthenia Street and Lindley Avenue, the property benefits from strong visibility, high vehicular traffic counts, and convenient access from both major corridors. The center totals approximately 11,050 square feet of building area, situated on a 19,166-square-foot lot, offering an efficient site layout and excellent curb appeal.
The property includes 20 on-site parking spaces, providing ample customer parking and enhancing the shopping center’s accessibility. Surrounded by dense multifamily housing—including a high concentration of student-oriented residential communities—the location supports a consistent consumer base year-round.
The property is prominently positioned at the northwest corner of Parthenia Street and Lindley Avenue, one of Northridge’s most active neighborhood intersections, offering exceptional visibility and convenient access. Ideally situated just half a mile from California State University, Northridge (CSUN)—a major economic driver with over 38,000 students—the center benefits from strong daily traffic and continuous demand from nearby multifamily housing, including numerous student-oriented communities. Built in 1986, the asset is supported by a robust demographic profile, with approximately 99,389 residents and an average household income of $103,457 within a 2-mile radius. The location provides outstanding regional connectivity via the 118, 101, and 405 Freeways, making it easily accessible to both local residents and the broader San Fernando Valley. This highly desirable infill location positions the center to capture consistent retail demand and long-term tenant stability
