12734-12740 Sherman Way - Retail FOR SALE


North Hollywood, CA 91605
$5,650,000 USD
213-225-7223
12734-12740 Sherman Way, North Hollywood, CA for Sale
$5,650,000 USD
Retail - FOR SALE
1/12
null | 5.41% Cap Rate

12734-12740 Sherman Way
North Hollywood, CA 91605


OVERVIEW

We are excited to present 12734-12740 Sherman Way, a prime investment opportunity in the heart of North Hollywood, priced at a 5.41% CAP Rate! The property spans 9,921 SF of buildings on 19,807 SF of LAC2-zoned land, fully leased with 5 tenants generating $33,950 in monthly rental income. Located just off the Sherman Way/Coldwater Canyon intersection, which sees over 48,000 vehicles per day, this property enjoys outstanding visibility and easy access to major traffic routes. The asset consists of three separate structures, totaling 9,921 rentable SF with the following tenants: 1) retail building leased to a floral tenant, 2) multi-tenant automotive structure with six double-wide doors and twelve bays, accommodating three auto repair tenants, and 3) rear building leased to an auto body tenant With a lot size of 19,807 SF, the property provides ample onsite parking and excellent ingress/egress for tenants and customers. The property has gone through significant upgrades, which include: 1) New roof on building 12740, 2) Significant roof upgrades on building 12734, 3) NEW HVAC on building 12734, 4) Title 24 compliance on building 12734, 5) significant sewer line upgrades, and 6) additional upgrades throughout! This unique investment opportunity offers a stable tenant base with a solid in-place yield at a 5.41% CAP Rate on current income, with the potential to achieve a 7+% CAP Rate at market rents. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$5,650,000 USD

PRICE/SF

$647 USD /SF

CAP RATE

5.41%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12734-12740 Sherman Way - 5.41% CAP Rate

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,807 SF

ZONING

LAC2

APN/PARCEL ID

2324-006-009,2324-006-059

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.