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$4,750,000
2 Days On Site

21012 Sherman Way
Canoga Park, CA 91303

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
19,160
SqFt
$248
/SqFt
1962
Built
County:
Los Angeles
Call Now: +971-234-5678
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21012 Sherman Way21012 Sherman Way21012 Sherman Way21012 Sherman Way
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Monthly Payment (Est.)

$21,671
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21012-21034 Sherman Way comprises an automotive service center of four commercial buildings on three contiguous parcels. The Properties can be purchased as a portfolio for $4,750,000 or individually (Individual offering prices listed below). The portfolio offers 19,160 SF of RBA on a 65,148 SF lot situated along Sherman Way, anchored by signalized intersections. The asset benefits from excellent visibility prominent street signage, substantial frontage, and over 80 on-site parking spaces ensuring easy customer access for a car dealership, repair shop or body-work operation. The Portfolio features showrooms, offices, permitted spray booths, hoists & 11 above-ground lifts, Clarifiers, above-ground tanks, updated fire suppression system, rotary lifts, separate primer zone. The offering presents investors with a value-add opportunity: reposition the asset with new tenants, enhance market rents on a NNN basis, and unlock upside through active management. It likewise suits an owner-user seeking to expand an existing automotive business in a high-traffic location. 21012 -21024 Sherman Way (offered individually for $3,000,000) is a commercial property comprised of a retail showroom with signage and 42 feet of frontage along Sherman Way, 9 automotive bays, 2nd floor office space, and a freestanding building totaling 3 structures designated for vehicle sales and rentals. Built in 1962, the structures are 14,948 SF on a 51,000 SF lot, 25,500 of which is designated as a commercial parking lot with 80 parking spaces. The Property is currently leased to Nationwide Auto Exchange, an auto body repair and paint shop for vehicles. 21034 Sherman Way (Offered $1,750,000) encompasses a 4,212 SF auto repair garage on a 14,049 SF lot with 4 bays, an office, permitted spray-paint infrastructure, rotary lifts. 21034 Sherman Way is currently leased to Auto Craft Collision, an auto body repair and vehicle paint shop with LADBS & AQMD permits for a spray paint booth.

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Listing Snapshot
Price 
$4,750,000
Days On Site 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
19,160 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.4956 Acres
Year Built 
1962
MLS® Number 
25573261
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Acres 
1.4956
Number Of Stories 
2
Parking Spaces 
89
Security 
Gated Community
Special Circumstances 
Probate Listing
SqFt Total 
19160
Zoning 
LAC2
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Exterior Features
Lot Features 
Rectangular Lot
Community Features
Community Features 
Gated
MLS Area 
CP - Canoga Park
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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