22222 Sherman Way | Canoga Park, CA 91303
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22222 Sherman Way
Canoga Park, CA 91303
West Hills Suites · Office Property For Sale
Investment Highlights
- Value-Add or Owner User Two-Story Office Building with Significantly Below Market Assumable Financing
- Short term leases; All but one tenant is on a lease expiring by 2025 or month-to-month lease
- An owner-user could occupy up to 9,551 square feet of the property, with potential to occupy a larger portion as leases expire
- 78% occupied by a mix of professional uses
- Below market rents; $31,431.69 per month ($1.85/SF) with minimal CAM collections
- Assumable financing of $1,869,141.22 at 3.76% fixed until 4/30/2027, maturing 4/1/2030
Property Facts
Property Type
Office
Building Size
22,044 SF
Building Class
C
Year Built
1980
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,000 SF
Slab To Slab
11’
Building FAR
0.70
Lot Size
0.73 AC
Zoning
LARD2
Parking
46 Spaces (2.09 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 2024-013-190 | Improvements Assessment | $2,454,138 |
| Land Assessment | $2,007,932 | Total Assessment | $4,462,070 |
Property Taxes
Parcel Number
2024-013-190
Land Assessment
$2,007,932
Improvements Assessment
$2,454,138
Total Assessment
$4,462,070
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