Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of 13329 Sherman Way, a ±14,000 square foot mixed-use retail, industrial, and automotive property situated on a ±29,875 square foot parcel zoned CM-1 in the high-growth East San Fernando Valley submarket of North Hollywood, CA. The property is prominently positioned along Sherman Way, one of the busiest east-west thoroughfares, offering excellent visibility with over 101 feet of frontage, daily traffic counts exceeding 50,000 vehicles, and a highly visible pylon sign. Located just west of Coldwater Canyon Boulevard and east of Woodman Avenue, the site provides convenient access to the 170 Hollywood Freeway and the greater San Fernando Valley. The building consists of one 4,000 square foot retail unit at the front of the property and three industrial/auto bays at the rear, with the potential to be demised into as many as ten suites averaging ±1,000 square feet each. The property will be delivered vacant at the close of escrow, or alternatively, the seller is willing to lease back the building at market rent, making it attractive to both owner-users and investors. Smaller demised suites present the opportunity to achieve significantly higher rents, enhancing the property’s long-term income potential. On-site parking includes approximately 31 spaces, equating to a ratio of 2.21 per 1,000 square feet. Additionally, car lifts are available for purchase, adding as many as 21 additional vehicles. Centrally located in a dense and rapidly transforming neighborhood, the property is surrounded by major redevelopment projects that continue to drive growth in North Hollywood. NoHo West, located less than 2.5 miles away, is a newly completed 25-acre mixed-use development in North Hollywood featuring approximately 742 residential units, 500,000 SF of creative office, and 190,000 SF of retail anchored by Trader Joe’s, Regal Cinemas, 24-Hour Fitness, and Old Navy. Designed around a pedestrian-oriented main street with plazas and open space, it has quickly become a vibrant community hub for the San Fernando Valley. District NoHo, approximately three miles from the property, is a transformative, transit-oriented development set to deliver approximately 1,480 residential units alongside retail, office space, and two acres of public plazas, all anchored directly above the North Hollywood Metro Station. The area’s demographics further support investment, with a population exceeding 40,473 residents within one mile, 344,502 within three miles, and 705,337 within five miles. The median home value within one mile is $861,214, while average household incomes exceed $85,000 within one mile, $89,000 within three miles, and $100,000 within five miles. With its highly visible location, flexible occupancy options, and strong surrounding growth drivers, 13329 Sherman Way offers both investors and owner-users a rare opportunity to acquire a versatile asset positioned to benefit from the ongoing gentrification and economic expansion of North Hollywood.