21625 Sherman Way - Storefront FOR SALE


Canoga Park, CA 91303
$985,000 USD
323-515-8302
21625 Sherman Way, Canoga Park, CA for Sale
$985,000 USD
Storefront - FOR SALE
1/2
null | 5.48% Cap Rate

21625 Sherman Way
Canoga Park, CA 91303


HIGHLIGHTS

  • New 10 year lease extension from Romantix with annual increases
  • Full Corporate Guarantee
  • Single Tenant NNN asset
  • Strong Sherman Way Location
  • Adjacent to Iconic Madrid Theatre

OVERVIEW

The Subject Property is a +1,970 square foot retail building net leased to a single tenant, situated on a +3,499 square foot lot in Canoga Park, CA. Romantix is the current tenant, having recently extended its lease for an additional 10 years. Strategically positioned on Sherman Way between Canoga Avenue and Topanga Canyon Boulevard, the property stands on a bustling arterial road surrounded by a mix of local, regional, and national businesses. The vacancy rate in Canoga Park is currently below 4%, with most retail spaces featuring storefront designs and limited rear parking. A significant advantage for the Subject Property is its location adjacent to public parking lots, enhancing accessibility and convenience for visitors.

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

5.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,499 SF

ZONING

LAC2

APN/PARCEL ID

2111-019-010

ASK ABOUT THIS PROPERTY

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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