15315 Magnolia Blvd 97,805 SF Office Building Sherman Oaks, CA 91403 $18,600,000 ($190.17/SF)

PROMINENT OWNER/USER HEADQUARTERS OPPORTUNITY — SHERMAN OAKS
* Sherman Oaks Atrium is a rare opportunity to acquire a prominent office building in a top performing submarket at a deep discount to replacement cost of $43,288,570.
* An owner/user can immediately occupy up to 31,107 SF of space, and another ±29,159 SF within the first year of acquiring the property.
* Advantages of ownership significantly outweighs leasing ease. Benefits of ownership include depreciation, interest write-off, and asset appreciation, plus cash flow from the 68.2% leased building.

STRONG MARKET FUNDAMENTALS DRIVEN BY DEEP AND DIVERSE TENANT BASE
* Due to its proximity to the Westside, affluent family-oriented neighborhoods, and wealth of amenities— Sherman Oaks is the Premier San Fernando Valley office market.
* Sherman Oaks Atrium drafts of the entertainment industry demand in The Media District just to the east, which contains the largest concentration of film and television studios, gaming and post-production facilities compared to all other Los Angeles regions.
* Over the last 20 years, Sherman Oaks has maintained an average occupancy of approximately 90%, outperforming the larger San Fernando Valley, with current average Class A asking rents of $3.85/SF FSG.
STRATEGIC SAN FERNANDO VALLEY LOCATION WITH STRONG DEMOGRAPHICS
* Exceptional locational advantage, with immediate access to Highway 101 and Interstate 405, providing convenient access to the Westside and the wider Los Angeles Basin.
* Sherman Oaks, a gateway community linking Los Angeles’ central and west-side cities to its northern suburbs, is a highly affluent community, and a residential choice for many entertainment executives and professionals who prefer the private suburban community over the congested and hectic Westside, making it one of most prestigious communities in the entire San Fernando Valley. Within the one-mile radius, the average household income and median home value are $151,153 and $1,149,795, respectively.
* Proximity to Ventura Boulevard, the area’s main thoroughfare, with an abundance of retail amenities, including the Sherman Oaks Galleria, an open-air lifestyle center that includes 300,000 of popular retail and entertainment options. The Galleria is located at the 101/405 freeway interchange, one of the busiest in the country.