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Avanti 23500 Park Sorrento
14,886 SF 92% Leased 4-Star Retail Building Calabasas, CA 91302 $11,959,020 CAD ($803 CAD/SF) 5.09% Cap Rate
Investment Highlights
- Prestigious area
- Mixed use: Retail & Residential
- See more in interactive brochure
- High rent, long term tenants
- Priced above a 5% Caprate
Executive Summary
Priced to sell, 23500 Park Sorrento is positioned at a 5.09% cap rate while situated in a dense high income demographic. Architecturally, this property is a flagship for the area and adds to the retail character unique to and expected from Calabasas.
View brochure for full rent roll, P&L's, pro-forma, and tenant details. Must register through LoopNet first.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Corner Lot
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Welcome to your new location! This exceptional unit, located in the vibrant Avanti building, offers everything you need to create a thriving coffee shop, boba shop, deli, or fast-serve restaurant. Previously used by Pressed Juicery, this space features a spacious customer counter designed for optimal interaction and service efficiency, a built-in product display fridge to showcase your delicious offerings, and dual entrances from both Park Sorrento Street and the Avanti building lobby, maximizing foot traffic and visibility. The unit also includes a built-in refrigerator to keep your ingredients perfectly preserved, ample preparation space for smooth and efficient operations, and a private restroom for added comfort and privacy for you and your staff. This prime location in the bustling Avanti building is the perfect spot to attract health-conscious customers and grow your business. Don't miss this opportunity to set up shop in a well-equipped, high-traffic area!
| Space | Size | Space Use | Position | Available |
| A3 | 1,177 SF | Restaurant | In-Line | Now |
A3
| Size |
| 1,177 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
A3
| Size | 1,177 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
Welcome to your new location! This exceptional unit, located in the vibrant Avanti building, offers everything you need to create a thriving coffee shop, boba shop, deli, or fast-serve restaurant. Previously used by Pressed Juicery, this space features a spacious customer counter designed for optimal interaction and service efficiency, a built-in product display fridge to showcase your delicious offerings, and dual entrances from both Park Sorrento Street and the Avanti building lobby, maximizing foot traffic and visibility. The unit also includes a built-in refrigerator to keep your ingredients perfectly preserved, ample preparation space for smooth and efficient operations, and a private restroom for added comfort and privacy for you and your staff. This prime location in the bustling Avanti building is the perfect spot to attract health-conscious customers and grow your business. Don't miss this opportunity to set up shop in a well-equipped, high-traffic area!
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2068-005-029 | Total Assessment | $6,495,096 CAD (2024) |
| Land Assessment | $3,445,755 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,049,341 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Presented by
Avanti | 23500 Park Sorrento
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