Van Nuys and Sherman Way Shopping Center | 14434-14480 Sherman Way
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Van Nuys and Sherman Way Shopping Center 14434-14480 Sherman Way
18,296 SF 88% Leased Retail Building Van Nuys, CA 91405 £9,950,176 (£544/SF) 5.45% Net Initial Yield
Investment Highlights
- A highly prominent and passive two-tenant retail center investment. Occupied by the nationally recognized investment-grade tenant, DaVita (DVA-NYSE).
- 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.
- Centrally located in Van Nuys, the asset contains an ideal consumer base in a densely populated area.
- Spread over 1.2 acres, consists of two (2) buildings totaling 18,296 sq. ft. and seventy (70) parking spaces.
- The property features long-term leases with optimal NNN lease structures. Leases are thoughtfully structured to allow NNN reimbursement by tenants.
- The immediate surrounding vicinity consists of robust trade area with over 46,400 residents within a 1-mile radius.
Executive Summary
Irreplaceable Two-Tenant Asset In The Heart of the San Fernando Valley
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
18,296 SF
Building Class
C
Year Built
1995
Price
£9,950,176
Price Per SF
£544
Net Initial Yield
5.45%
NOI
£542,448
Percent Leased
88%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.35
Land Acres
1.21 AC
Opportunity Zone
Yes
Zoning
C2-1L / TOC Tier 4 - Commercial
Parking
70 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
31 ft on Sherman Way
Amenities
- Corner Lot
- Signage
- Signalised Intersection
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Highly visible pad on San Fernando Valley’s most prominent hard corner Prominent signage Surrounded by national credit tenants Co-tenancy: El Gallo Giro
| Space | Size | Space Use | Position | Available |
| B2 | 1,540 SF | Retail | End Cap | Now |
B2
| Size |
| 1,540 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
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B2
| Size | 1,540 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Highly visible pad on San Fernando Valley’s most prominent hard corner Prominent signage Surrounded by national credit tenants Co-tenancy: El Gallo Giro
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,634,148 | |
| Land Assessment | £2,585,625 | Total Assessment | £4,219,773 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2,585,625
Improvements Assessment
£1,634,148
Total Assessment
£4,219,773
-
Power Broker Patrick Wade -
Power Broker Alex Kozakov -
Matthew Greenberg -
Jack Webber -
Bo Henderson -
Vivian Tran -
CBRE, Inc.
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Van Nuys and Sherman Way Shopping Center | 14434-14480 Sherman Way
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