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20442 Sherman Way
Winnetka, CA 91306

Price: $1,395,000 Zoning: C4
Bldg SF: 2,400 SF Price/SF: $581
Land SF: 7,680 SF Pro Forma CAP Rate: 5.08%
Year Built:  1968 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: 20442 Sherman Way, Winnetka, CA 91306
Price: $1,395,000
Bldg SF: 2,400 SF
Land SF: 7,680 SF
Year Built: 1968
ProForma CAP Rate: 5.08%
Price/SF: $581
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

VALUE-ADD OR OWNER-USER OPPORTUNITY

 

  • 58% current occupancy
  • NNN Leases
  • Papa John’s has successfully operated at this location since 2010 Parking Ratio of 4.17 per 1,000

 

EXCELLENT SAN FERNANDO VALLEY LOCATION

 

  • Ideally located on the highly trafficked Sherman Way, a major east/west artery through the San Fernando Valley
  • 65 feet of frontage on Sherman Way
  • Daily traffic counts exceed 31,000 vehicles per day

 

EXCELLENT OWNER-USER OPPORTUNITY

 

  • An owner-user can occupy 1,000 SF immediately
  • Potential to utilize vacant space for medical use

STRONG IMMEDIATE DEMOGRAPHICS

 

  • Over 495,000 people within a five-mile radius
  • Average household income of over $96,000 within a five-mile radius
  • Average household income of over$75,000 within a one-mile radius