Sherman Way Office Bldg 20201 Sherman Way 25,757 SF 50% Leased Office Building Winnetka, CA 91306 $8,000,000 ($310.60/SF) 8.83% Cap Rate

20201 Sherman Way is a 25,757-square-foot, two-story commercial building in the heart of Winnetka, Los Angeles. The property is already subdivided into multiple suites ranging from ±800 to 3,000 square feet, with ample on-site parking and excellent street visibility. Recently improved with over $2 million in restoration and HVAC upgrades, the asset offers a rare turn-key opportunity for an investor to reposition and fully stabilize as a high-performing medical offce property. With targeted additional improvements—vanilla shell preparations, signage, curb appeal upgrades, and tenant improvements—this building can quickly achieve top-of-market rental rates.
Located on a high-traffic stretch of Sherman Way between De Soto and Winnetka Avenue, the property benefits from strong daily traffic counts and proximity to major arterials including the 101 and 118 freeways. Winnetka and its surrounding neighborhoods in the San Fernando Valley are significantly underserved for quality medical space, with the nearest competitive buildings located in more expensive markets like Woodland Hills, Northridge, and Tarzana. This location offers convenient access for a large patient base, ample parking ratios, and a strong surrounding residential population exceeding 220,000 within three miles.
The building is ideally suited for general practitioners, specialists, dentists, urgent care centers, physical therapy clinics, diagnostic labs, and pharmacies. These tenants are drawn to the property’s accessible ground-|oor suites, ready-to-customize spaces, and ability to serve patients from nearby residential communities without the congestion and higher costs of hospital campus settings. Local demand drivers include a large family population, a growing senior demographic, and a shortage of modern, well-located medical office space in Winnetka. This creates a unique competitive advantage for attracting and retaining long-term medical tenants.