Investment Overview

Marcus & Millichap, as Exclusive Advisor, is pleased to present 4367 Woodman Avenue, an 8,325 square foot two-story strip center situated on 0.25 acres of land (11,117 SF) ideally located at the SW signalized corner of Woodman Avenue and Moorpark Street, less than 0.2 miles north of Ventura Boulevard, in Sherman Oaks, CA 4367 Woodman Avenue will be delivered 78.8% occupied. The property consists of two restaurants (one newly vacant), a personal trainer, and dry cleaner. The center’s four (4) units are comprised of three ground floor retail units and a single office/retail unit on the second floor. The ground floor retail units average 1,624 SF, ideal retail spaces that can appeal to a variety of uses. The current tenants are on short term leases, expiring in 2026 (63.8% of the center) and 2027 (15.0% of the center), with a long history of successful operations. All the tenants have been occupants of the property since at least 2007, more than 18 years. The current monthly rent is $22,315.00 ($3.98/SF) or $267,780.00 annually, consisting of a mix of gross and modified gross leases. The below market rents and short-term leases present a value-add investor with the opportunity to reposition the units with market rate tenants or re-sign market rate leases with the existing long-standing tenants as leases expire. Alternatively, an owner-user can occupy the newly vacant ground floor corner space, a former restaurant, for their own business. The subject property is centrally positioned at the highly visible signalized corner of Woodman Avenue & Moorpark Street in Sherman Oaks, CA with approximately 80’ and 125’ feet of linear frontage, respectively. As a result of its prime corner location, traffic counts exceed 46,000 vehicles per day with multiple points of egress/ingress along both Woodman Avenue and Moorpark Street, providing access to the property’s thirteen (13) dedicated surface parking spaces (a ratio of 1.56 spaces per 1,000 SF).