Investment Overview

An 11,173 Square Foot Three-Story Office Building with Significant Upgrades Located One Parcel East of the NE Signalized Corner of Sherman Way and DeSoto Avenue Priced Significantly Below Replacement Costs at $201 per Square Foot in Winnetka, CA Marcus & Millichap has been selected to exclusively represent for sale 20847 Sherman Way, a 11,173 square foot three-story office building situated on 11,778 square feet of land on Sherman Way just one parcel east of the NE signalized intersection of Sherman Way and De Soto Avenue, within close proximity to the high growth sub-market of Warner Center, CA. An 11,173 square foot three-story office building with a private parking lot and back-alley access currently 43% vacant ideally located within close proximity to the Warner Center, one of Southern California’s fastest growing submarkets with over 80,000 new jobs and 37 million square feet of residential and business buildings projected by 2037. The ground floor is 1,539 leasable square feet, 690 square feet of which is leased to a Medical Supply Company thru February of 2024 and the remaining 849 square feet is lease to LCG Financial for another three years. The second story features 4,528 leasable square feet, and the third story is 4,537 square feet. The property features a private parking lot with alley access, containing 22 parking spaces which includes one handicapped stall. 20847 Sherman Way is ideally located less than half a mile from the Warner Center, which has garnered significant attention for the numerous development projects occurring within the district. The Warner Center Specific Plan creates development capacity for over 26,000 residential units.