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13005 Sherman Way
North Hollywood, CA 91605
Tesla - North Hollywood, CA · Retail Property For Sale
Executive Summary
- New 15-Year Lease | Scheduled 3% Rental Increases | Investment Grade (S&P: BBB) Tenant | Market Leader & Established EV Brand
- NNN Lease | Fee Simple (Land & Building) | Limited Landlord Responsibilities
- Extremely Dense Retail Trade Area | Approximately 1.8 Million People within 10 Miles | High Barriers to Entry | 2.7 miles from Hollywood Burbank Airport (6.5+ million annual passengers
- Located along Sherman Way (51,247 VPD) | Clear visibility, Exceptional signage, and Multiple points on Ingress/Egress | Centralized Northern Hollywood Location | 0.75 Miles East along Sherman Way to Hwy 170 / Hollywood Freeway (179,788 VPD) | 3.2 Miles West along Sherman Way to Interstate 405 (224,992 VPD)
- High Intrinsic Real Estate Value | CM-1 Zoning | Long-Term Covered Land Play
- NNN Lease | Fee Simple (Land & Building) | Limited Landlord Responsibilities
- Extremely Dense Retail Trade Area | Approximately 1.8 Million People within 10 Miles | High Barriers to Entry | 2.7 miles from Hollywood Burbank Airport (6.5+ million annual passengers
- Located along Sherman Way (51,247 VPD) | Clear visibility, Exceptional signage, and Multiple points on Ingress/Egress | Centralized Northern Hollywood Location | 0.75 Miles East along Sherman Way to Hwy 170 / Hollywood Freeway (179,788 VPD) | 3.2 Miles West along Sherman Way to Interstate 405 (224,992 VPD)
- High Intrinsic Real Estate Value | CM-1 Zoning | Long-Term Covered Land Play
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
122,423 SF
Building Class
C
Year Built/Renovated
1970/2024
Price
$83,300,000
Price Per SF
$680.43
Cap Rate
5.75%
NOI
$4,789,129
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.28
Lot Size
10.20 AC
Zoning
CM-1 - Commercial Manufacturing
Parking
642 Spaces (5.24 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Air Conditioning
Property Taxes
| Parcel Number | 2327-015-019 | Improvements Assessment | $6,866,640 |
| Land Assessment | $37,870,560 | Total Assessment | $44,737,200 |
Property Taxes
Parcel Number
2327-015-019
Land Assessment
$37,870,560
Improvements Assessment
$6,866,640
Total Assessment
$44,737,200
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