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Crown Office Bldg 20847 Sherman Way 11,173 SF 100% Leased Office Building Canoga Park, CA 91306 $2,899,000 ($259.46/SF)
Investment Highlights
- Located near the Warner Center business district.
- Three-story building with elevator service.
- Direct frontage along Sherman Way provides strong visibility.
- Multi-tenant office configuration supports flexible occupancy strategies.
- Renovated building improvements completed in 2018.
- On-site parking available for tenants and visitors.
Executive Summary
20847 Sherman Way presents an opportunity to acquire a multi-tenant office asset positioned along a well-traveled commercial corridor in Canoga Park, immediately adjacent to the Warner Center district. The three-story building benefits from direct frontage on Sherman Way, providing visibility and accessibility within one of the western San Fernando Valley's established business environments. The property's location places it near a concentration of office, retail, dining, and service amenities that support daily business operations and employee convenience.
The building has undergone capital improvements, including renovation work completed in 2018, helping support continued occupancy and long-term functionality. Elevator service, on-site parking, and multiple tenant configurations provide flexibility for owner-users, investors, or organizations seeking a combination of occupancy and income potential. The property's multi-tenant layout offers the ability to accommodate a range of professional office users while preserving future leasing and repositioning opportunities.
The surrounding Warner Center area continues to serve as a significant employment and commercial hub within the San Fernando Valley, benefiting from regional connectivity via US-101 and other major transportation corridors. Nearby retail destinations, business services, and residential communities contribute to a diverse demand base for office occupancy. The property's location within this established commercial district supports both operational convenience and long-term market relevance.
For buyers seeking an office investment or owner-user acquisition in the western San Fernando Valley, 20847 Sherman Way offers an existing office infrastructure, recent improvements, and access to one of the region's recognized business districts.
The building has undergone capital improvements, including renovation work completed in 2018, helping support continued occupancy and long-term functionality. Elevator service, on-site parking, and multiple tenant configurations provide flexibility for owner-users, investors, or organizations seeking a combination of occupancy and income potential. The property's multi-tenant layout offers the ability to accommodate a range of professional office users while preserving future leasing and repositioning opportunities.
The surrounding Warner Center area continues to serve as a significant employment and commercial hub within the San Fernando Valley, benefiting from regional connectivity via US-101 and other major transportation corridors. Nearby retail destinations, business services, and residential communities contribute to a diverse demand base for office occupancy. The property's location within this established commercial district supports both operational convenience and long-term market relevance.
For buyers seeking an office investment or owner-user acquisition in the western San Fernando Valley, 20847 Sherman Way offers an existing office infrastructure, recent improvements, and access to one of the region's recognized business districts.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,173 SF
Building Class
C
Year Built/Renovated
1981/2018
Price
$2,899,000
Price Per SF
$259.46
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,000 SF
Slab To Slab
12’
Building FAR
0.95
Lot Size
0.27 AC
Zoning
C-3
Parking
14 Spaces (1.97 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Fully Carpeted
- Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2113-013-004 | Improvements Assessment | $663,000 |
| Land Assessment | $1,632,000 | Total Assessment | $2,295,000 |
Property Taxes
Parcel Number
2113-013-004
Land Assessment
$1,632,000
Improvements Assessment
$663,000
Total Assessment
$2,295,000
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Crown Office Bldg | 20847 Sherman Way