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$ 4,750,000
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Pending
21012 Sherman Way Canoga Park (los Angeles), CA 91303
19,160 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 19,160 sqft
Price per Sqft $247
MLS Listing ID CL25573261
HOA Y/N No
Year Built 1962
Lot Size 1.496 Acres
Acres 1.5
Property Sub-Type Comm Ind For Sale
Property Description
21012-21034 Sherman Way comprises an automotive service center of four commercial buildings on three contiguous parcels. The portfolio offers 19,160 SF of RBA on a 65,148 SF lot situated along Sherman Way, anchored by signalized intersections. The asset benefits from excellent visibility prominent street signage, substantial frontage, and over 80 on-site parking spaces ensuring easy customer access for a car dealership, repair shop or body-work operation. The Portfolio features showrooms, offices, spray booths, hoists & 11 above-ground lifts, Clarifiers, above-ground tanks, updated fire suppression system, rotary lifts, separate primer zone. The offering presents investors with a value-add opportunity: reposition the asset with new tenants, enhance market rents on a NNN basis, and unlock upside through active management. It likewise suits an owner-user seeking to expand an existing automotive business in a high-traffic location. 21012 -21024 Sherman Way is a commercial property comprised of a retail showroom with signage and 42 feet of frontage along Sherman Way, 9 automotive bays, 2nd floor office space, and a freestanding building totaling 3 structures designated for vehicle sales and rentals. Built in 1962, the structures are 14,948 SF on a 51,000 SF lot, 25,500 of which is de
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Fireplace No
Exterior
Total Parking Spaces 89
Building
New Construction No
Others
Tax ID 2112030023
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Listed by David Weinberger • Keller Williams Studio City