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18512 & 18514 Sherman Way
Reseda, CA 91335

Price: $1,065,000 Zoning: LAC2
Bldg SF: 2,700 SF Price/SF: $394
Land SF: 7,498 SF Occupancy: 100%
Year Built:  1923 Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 18512 & 18514 Sherman Way, Reseda, CA 91335
Price: $1,065,000
Bldg SF: 2,700 SF
Land SF: 7,498 SF
Year Built: 1923
CAP Rate: 6.02%
Price/SF: $394
Occupancy: 100%
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

STABLE AND SECURE INCOME STREAM

  • 100% occupied property
  • NNN Leases
  • Rental Increases
  • Seasoned tenant mix
  • Upside in rents
  • Excellent parking with access to a large public parking lot directly north of the property

 

EXCELLENT West San Fernando Valley LOCATION

  • Ideally located just West of the SW signalized corner of Reseda Boulevard and Sherman Way
  • Highly walkable location with heavy foot traffic with a walk score of 83/100 (very walkable)
  • 75 feet of frontage on Reseda Boulevard
  • 7,498 SF of Land zoned C2

 

STRONG IMMEDIATE DEMOGRAPHICS

  • Over 639,000 people within a five-mile radius
  • Average household income of $87,086 within a five-mile radius
  • Average household income of $69,205 within a one-mile radius
  • Solid growth in the immediate area