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19739-19749 Sherman Way 7,700 SF Retail Building Canoga Park, CA 91306 $3,075,000 ($399.35/SF) 7% Cap Rate
EXECUTIVE SUMMARY
SUBMIT ALL OFFERS / RECENT PRICE IMPROVEMENT
CBRE, is pleased to present as exclusive advisor, 19739-
19749 Sherman Way Boulevard, a multi-purpose
“storefront” retail / office / medical building in the highly
desirable submarket in the West San Fernando Valley.
The infill location boasts a high level of demand with high
barriers to entry.
19739-41 Sherman Way features six units, with four
currently vacant and two occupied on MTM leases,
offering maximum flexibility for owner-users or investors
seeking upside potential.
Sitting on a massive oversized dual lot with 110’ frontage
to Sherman Way Blvd, the property has excellent visibility
and traffic counts, ensuring strong exposure for any
business. With ample lot size and parking potential, the
site is well suited for retail, office, and medical concepts.
CBRE, is pleased to present as exclusive advisor, 19739-
19749 Sherman Way Boulevard, a multi-purpose
“storefront” retail / office / medical building in the highly
desirable submarket in the West San Fernando Valley.
The infill location boasts a high level of demand with high
barriers to entry.
19739-41 Sherman Way features six units, with four
currently vacant and two occupied on MTM leases,
offering maximum flexibility for owner-users or investors
seeking upside potential.
Sitting on a massive oversized dual lot with 110’ frontage
to Sherman Way Blvd, the property has excellent visibility
and traffic counts, ensuring strong exposure for any
business. With ample lot size and parking potential, the
site is well suited for retail, office, and medical concepts.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,700 SF
Building Class
C
Year Built
1962
Price
$3,075,000
Price Per SF
$399.35
Cap Rate
7%
NOI
$215,250
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.62 AC
Zoning
C1
Parking
50 Spaces (6.49 Spaces per 1,000 SF Leased)
Frontage
111’ on Sherman Way
AMENITIES
- Fenced Lot
- Pylon Sign
- Signage
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $833,472 | |
| Land Assessment | $2,489,593 | Total Assessment | $3,323,065 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,489,593
Improvements Assessment
$833,472
Total Assessment
$3,323,065
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19739-19749 Sherman Way
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