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Owner-User Opportunity & Covered Land Play 18341 Sherman Way 40,200 SF 85% Leased Office Building Reseda, CA 91335 $8,900,000 ($221.39/SF)
Investment Highlights
- Majestic Plaza offers a uniquely flexible occupancy profile that is perfectly tailored for an owner-user
- Structural & Parking Edge
- Situated at a signalized corner near Sherman Way & Darby Avenue | High Traffic Counts
- Diverse Tenant Base & Proven Location Demand
- High-Value "Covered Land Play"
Executive Summary
Kidder Mathews is pleased to present for sale 18341-18343 Sherman Way in Reseda, CA. Priced at $8,900,000 ($221/SF RBA), Majestic Plaza is a rare, multi-tenant commercial building offering an exceptional blend of immediate cash flow, flexible leasing dynamics, and long-term redevelopment upside. Located on a highly visible, signalized corner along the bustling Sherman Way commercial corridor, this property is a premier candidate for both value-add investors and owner-users looking to leverage favorable SBA financing. With 36 total suites spread across a two-story, elevator-served building, the property represents an incredibly diversified, granular investment with zero exposure to any single tenant or industry
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
40,200 SF
Building Class
C
Year Built/Renovated
1952/2006
Price
$8,900,000
Price Per SF
$221.39
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
20,100 SF
Building FAR
1.81
Lot Size
0.51 AC
Zoning
*(T)(Q)RAS4-1D-CDO - Seller completed a zone change prior to the passing of measure JJJ. Should current entitlements expire, the zoning will revert back to original zoning
Parking
64 Spaces (1.59 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- A To Z Printing Center
- Manufacturing
- -
- -
- -
- -
- All Natural Enhancements Inc
- Public Administration
- -
- -
- -
- -
- Alpha Remodeling Inc
- Construction
- -
- -
- -
- -
- Apex Accounting
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- Bombay Motorsports Inc
- Administrative and Support Services
- -
- -
- -
- -
- Carlos Sanchez
- Services
- -
- $19.80
- Modified Gross
- Oct 2014
-
- Finance and Insurance
- -
- -
- -
- -
Freeway Insurance began in 1987 when Kelly Turton established the company in Orange County, California. The company initially focused on private passenger auto insurance before expanding its services. Today, Freeway Insurance provides various insurance products including auto, homeowners, renters, and commercial coverage. The company operates as a subsidiary of Confie, one of the largest insurance brokers in the United States. Freeway Insurance serves a diverse customer base through a nationwide network of retail locations and offers policies in both English and Spanish.
- Kids Make A Difference
- Services
- -
- $16.08
- Modified Gross
- Sep 2014
- Marketing Insurance
- Finance and Insurance
- -
- $18.36
- Modified Gross
- Dec 2018
- Tommy S. Librush & Misan Shahar
- Professional, Scientific, and Technical Services
- -
- $10.08
- Modified Gross
- Jan 2015
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| A To Z Printing Center | Manufacturing | - | - | - | - | |
| All Natural Enhancements Inc | Public Administration | - | - | - | - | |
| Alpha Remodeling Inc | Construction | - | - | - | - | |
| Apex Accounting | Professional, Scientific, and Technical Services | - | - | - | - | |
| Bombay Motorsports Inc | Administrative and Support Services | - | - | - | - | |
| Carlos Sanchez | Services | - | $19.80 | Modified Gross | Oct 2014 | |
|
|
Finance and Insurance | - | - | - | - | |
| Kids Make A Difference | Services | - | $16.08 | Modified Gross | Sep 2014 | |
| Marketing Insurance | Finance and Insurance | - | $18.36 | Modified Gross | Dec 2018 | |
| Tommy S. Librush & Misan Shahar | Professional, Scientific, and Technical Services | - | $10.08 | Modified Gross | Jan 2015 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Gross
Gross
Gross
Gross
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 200A | 1,122 SF | Office/Retail | Full Build-Out | Now |
| 2nd Fl-Ste 201A | 1,714 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 203 | 1,741 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 205/206 | 746 SF | Office/Retail | Full Build-Out | Now |
2nd Fl-Ste 200A
| Size |
| 1,122 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 201A
| Size |
| 1,714 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 203
| Size |
| 1,741 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 205/206
| Size |
| 746 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200A
| Size | 1,122 SF |
| Space Use | Office/Retail |
| Build-Out | Full Build-Out |
| Available | Now |
Gross
2nd Fl-Ste 201A
| Size | 1,714 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Gross
2nd Fl-Ste 203
| Size | 1,741 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Gross
2nd Fl-Ste 205/206
| Size | 746 SF |
| Space Use | Office/Retail |
| Build-Out | Full Build-Out |
| Available | Now |
Gross
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2119-023-010 | Improvements Assessment | $1,065,414 |
| Land Assessment | $2,012,452 | Total Assessment | $3,077,866 |
Property Taxes
Parcel Number
2119-023-010
Land Assessment
$2,012,452
Improvements Assessment
$1,065,414
Total Assessment
$3,077,866
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Owner-User Opportunity & Covered Land Play | 18341 Sherman Way