12900 Riverside Dr 5,637 SF 100% Leased Retail Building Sherman Oaks, CA 91423 $3,500,000 ($620.90/SF) 6.56% Cap Rate

12900 Riverside Drive is an approximately 5,637 square foot neighborhood retail strip located on the border of Sherman Oaks and Studio City. The site is strategically located directly off the 101 Freeway and sits on the heavily trafficked, signalized intersection of Riverside and Coldwater Canyon, directly across from Whole Foods. The property boasts on-site parking, impressive street frontage, and offers tenants the rare and highly valued advantage of direct visibility to commuters traveling the 101.
The property’s majority occupant, Hugo’s Tacos, has been doing business at the site since 2004 and has expanded within the property three times. Hugo’s Tacos renewed its lease last year for an additional five-year term, further indicating its commitment to the property. Don’t miss this opportunity to own a stable investment, with upside potential, on a prime San Fernando Valley intersection.