5048 West Northern Avenue

1. Strong Real Estate Fundamentals

Prime corner location in a high-density trade area with ~88,000 vehicles/day.

Offers excellent visibility and access to both major streets.

2. Dense and Growing Population Base

Over 518,000 residents within a 5-mile radius.

Population expected to grow 8.13% in 5 years.

Provides a stable, built-in customer base and long-term demand for retail tenants.

3. Below Market Rents

Current tenant (Grifols) pays below-market rent, offering room for future rent growth and income upside.

4. Tenant Commitment

Both tenants have been there for over a decade.

Medical use tenants—known for stability and low turnover.

Opportunity to raise rents over time as they’re currently below market rates.

5. Low Price Per Square Foot

Priced at $179.43 per sq ft, below replacement cost, giving immediate value advantage.

6. Stabilized Yet Affordable Asset

One of few stabilized assets priced under $200/sq ft.

Offers secure, income-producing potential at an attractive basis.

7. Recent Improvements

New roof (Oct 2025) and parking lot restripe (2023) — reduces near-term capital expenditures.