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INVESTMENT HIGHLIGHTS
- Excellent Visibility and Frontage along Sherman Way
- Strong Demographics and Daily Traffic Counts
- Potential to Build over 200 units on the size
- Citibank (Citigroup, Inc)- AAA Tenant
- Covered Land Play
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.07 AC |
| Property Type | Land | ||
| Zoning | RAS4 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.07 AC |
| Zoning | RAS4 |
1 LOT AVAILABLE
Lot
| Lot Size | 1.07 AC |
| Lot Size | 1.07 AC |
DESCRIPTION
Kidder Mathews is please to present for sale the corner of Sherman Way and Etiwanda. Located in the heart of the San Fernando Valley, 18260 Sherman Way offers a rare opportunity to own a high-exposure commercial property in a heavily trafficked corridor of Reseda. This versatile building features ± 13,070 of usable space on a ± 46,000 square foot lot.The property boasts excellent frontage along Sherman Way, ample parking, and strong foot and vehicle traffic. Zoned LARAS4, the site provides flexibility for a variety of business types, with the potential to build over 200 units when Citibank vacates the site. Citibank has 3.8 years left on their current Lease with three (5) year Options. This is an excellent covered land play with a National Credit Tenant Surrounded by national retailers, restaurants, and residential neighborhoods, this location is perfectly positioned to serve both local and destination customers. Easy access to major freeways, including the 101 and 405, adds to the property's strategic appeal.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,652,534 | |
| Land Assessment | $2,373,646 | Total Assessment | $4,026,180 |
PROPERTY TAXES
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18258 Sherman Way
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