14434-14480 Sherman Way - Storefront Retail/Office FOR SALE
Van Nuys, CA 91405 |
$12,595,000 USD
818-259-0476
14434-14480 Sherman Way
Van Nuys, CA 91405
HIGHLIGHTS
- A highly prominent and passive two-tenant retail center investment. Occupied by the nationally recognized investment-grade tenant, DaVita (DVA-NYSE).
- Spread over 1.2 acres, consists of two (2) buildings totaling 18,296 sq. ft. and seventy (70) parking spaces.
- The DaVita lease includes structured increases of 2.5% annually and 15% every five (5) years for the Gallo Giro lease, providing an inflation hedge.
- The property features long-term leases with optimal NNN lease structures. Leases are thoughtfully structured to allow NNN reimbursement by tenants.
- Centrally located in Van Nuys, the asset contains an ideal consumer base in a densely populated area.
- The immediate surrounding vicinity consists of robust trade area with over 46,400 residents within a 1-mile radius.
FOR SALE DETAILS
PRICE
$12,595,000 USD
PRICE/SF
$954 USD /SF
CAP RATE
5.45%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Van Nuys and Sherman Way Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Fast Food, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
70
LAND DETAILS
LAND ACRES
1.21 AC
LAND SF
52,708 SF
ZONING
C2-1L / TOC Tier 4
APN/PARCEL ID
2217-007-053,2217-007-054
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818-259-0476
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818-259-0476
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