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14434-14480 Sherman Way
Van Nuys, CA 91405

$12,595,000 USD

Storefront Retail Office For Sale  •  13,208 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 18,296 SF
  • Lot Size 1.21 AC
  • Building Class C
  • Year Built 1995
  • Tenancy Multiple
  • Zoning C2-1L / TOC Tier 4
52 Transit Score
81 Walk Score

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.

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 2 min 15 min 0.8 mi
Sun Valley (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 6.0 mi
AirportDriveWalkDistance
Bob Hope 9 min - 5.1 mi
Los Angeles International 31 min - 21.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Patrick Wade 818-259-0476 CBRE, Inc.
Patrick Wade 818-259-0476 CBRE, Inc.