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14480 Sherman Way
Van Nuys, CA 91405
Van Nuys and Sherman Way Shopping Center · Retail Property For Sale
Investment Highlights
- A highly prominent and passive two-tenant retail center investment. Occupied by the nationally recognized investment-grade tenant, DaVita (DVA-NYSE).
- The DaVita lease includes structured increases of 2.5% annually and 15% every five (5) years for the Gallo Giro lease, providing an inflation hedge.
- Centrally located in Van Nuys, the asset contains an ideal consumer base in a densely populated area.
- Spread over 1.2 acres, consists of two (2) buildings totaling 18,296 sq. ft. and seventy (70) parking spaces.
- The property features long-term leases with optimal NNN lease structures. Leases are thoughtfully structured to allow NNN reimbursement by tenants.
- The immediate surrounding vicinity consists of robust trade area with over 46,400 residents within a 1-mile radius.
Property Facts
Property Type
Retail
Property Subtype
Building Size
13,208 SF
Building Class
C
Year Built
1995
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.22 AC
Zoning
C2-1L / TOC Tier 4 - Commercial
Parking
70 Spaces (5.3 Spaces per 1,000 SF Leased)
Frontage
31’ on Sherman Way
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,112,586 | |
| Land Assessment | $3,342,632 | Total Assessment | $5,455,218 |
Property Taxes
Parcel Numbers
Land Assessment
$3,342,632
Improvements Assessment
$2,112,586
Total Assessment
$5,455,218
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