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20900 & 20914 Sherman Way, 7117 & 7127 De Soto Avenue
Canoga Park, 91303

Price: Request For Offer Zoning: [Q]C2-1VL-CDO-RIO, [Q]P-1VL-CDO-RIO, [Q]R1-1VL-CDO-RIO, (T)(Q)CR-1XL-RIO
Total Building SF: 24,877 SF APN Numbers: 2112-031-021, 2112-031-020, 2112-031-024, 2112-031-034
Total Land SF: 70,948 SF TOC: Tier 1
Click to View Offering MemorandumClick to Print Offering Memorandum

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

Address: 20900 & 20914 Sherman Way, 7117 & 7127 De Soto Avenue, Canoga Park, CA 91303
Bldg SF: 24,877 SF
Land SF: 70,948 SF
Property Type: Retail/Parking Lot
Click to View Offering MemorandumClick to Print Offering Memorandum

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

Investment Highlights

Excellent Canoga Park Location

 

  • Ideally Located at the SW signalized corner of Sherman Way and De Soto Avenue, a prime signalized intersectio
    with daily traffic counts north of 38,700 vehicles per day
  • Ideally Located less than one mile from the Warner Center, the central business district of the San Fernando Valley
  • Centralized West San Fernando location with easy access to the Interstate 101 Ventura Freeway and 
    within close proximity to significant new residential development

 

Ideal Owner-User or Value-Add Investment Opportunity

 

  • The property is located on four separate parcels and is comprised of a total of 1.63 acres of land
  • 24,877 square feet of well-positioned street retail with significant upside
  • Owner-Users have the ability to occupy a portion or all of the existing structure
  • Investors may see immediate upside in stabilizing the property

 

1.63 Acres of Land Creates Prime Development or Covered Land Opportunity

 

  • Located within a Tier 1 TOC which provides significant density bonus incentives and reduced parking requirements
  • Developers have the opportunity to develop on 1.63 acres of land in the prime Canoga Park submarket

 

Strong Immediate Demographics and Dense Surrounding Population

 

  • Dense immediate population with over 49,800 people located within one mile of the subject property and over 484,000 people within five miles
  • Over 15,000 households within one mile of the subject property and over 166,800 households located 
    within a 5 miles
  • Average annual income of just north $72,000 within one mile of the subject property
  • Over $5,000,000,000 of total consumer spending in the immediate area

 

Ideally located proximate to the Warner Center

 

  • The Warner Center is, one Los Angeles’ largest urban developments which is slated to have 20,000 new residential units, 
    21,000 new households, 80,000 new jobs, and an additional 37 million square feet of business and residential buildings by 2035
  • Uptown at Warner Center is receiving a $3 billion capital infusion to complete a mixed-use development
  • Near to Westfield Promenade, which is set to undergo a $1.5 billion renovation
  • Thousands of new residential units coming online with a strong desire to attract millennials
  • Recent office conversions hope to attract top national companies to enhance growth and opportunity

 

Multi-Billion Dollar Sub-Market Complete with Retail Attractions and Premiere Office Hub

 

  • Close proximity to the newly built, open-air retail center “The Village” at Westfield Topanga and Westfield 
    Topanga, encompassing over 2.7 million square feet of retail space with over 250 top brands, restaurants 
    and entertainment options
  • Close proximity to the Westfield Promenade, a $1.5 billion renovation that includes retail, Class A office, 
    two hotels, 14,000 residential units, and an entertainment and sports center
  • Within close proximity to Uptown at Warner Center is receiving a $3 billion capital infusion to complete a mixed-use development
  • Local retailers include: Apple, Nordstrom, Neiman Marcus, Target, Macy’s,. REI, Costco, Best Buy Electronics, Crate & Barrel
  • Local restaurants include: Roy’s Asian Fusion, Fleming’s Steakhouse, California Pizza Kitchen, Cheesecake Factory, 
    Chipotle, Il Fornaio, Pizza Rev, Guacho Grill, Coffee Bean & Tea Leaf, P.F. Changs and many more
  • Approximately 40,000 employees work within Warner Center
  • Major employers include HealthNet Inc., Zenith Insurance, Kaiser Permanente Hospital, Pratt & Whitney, and Pierce College