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Office

Crown Office Building

20847 Sherman Way, Canoga Park, CA 91306

Listing Price: $2,700,000

Cap Rate
0.70%
Gross SF
11,173
Rentable SF
11,173
Price/Gross SF
$241.65
Lot Size
0.27 acres
Year Built
1981

Investment Overview

An 11,173 square foot three-story office building with a private parking lot and back-alley access currently 94% 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 businxxess buildings projected by 2037 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. The ground floor is 2,129 square feet, 583 square feet of which is leased to a Medical Supply Company with three years remaining on their lease. The second story features 4,234 square feet, and the third story is 4,242 square feet. The property features a private parking lot with alley access, containing 14 parking spaces. 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. 20847 Sherman Way is being offered with significant flexibility. The Seller is open to remaining as a tenant and can potentially occupy all the third floor and a portion of the second floor if desired. The second and third floors can also be delivered completely vacant, creating a unique opportunity for an owner-user Buyer.

Investment Highlights

  • Ideally Located less than a mile from the Warner Center
  • Located one mile from Westfield Topanga & The Village, a 2.1 million square foot shopping center
  • Just east of the high traffic signalized intersection of Sherman Way and De Soto Avenue, an intersection which sees over 38,000 vehicles per day

Exclusively Listed By

Listing Price: $2,700,000

Cap Rate
0.70%
Gross SF
11,173
Rentable SF
11,173
Price/Gross SF
$241.65
Lot Size
0.27 acres
Year Built
1981

Investment Highlights

  • Ideally Located less than a mile from the Warner Center
  • Located one mile from Westfield Topanga & The Village, a 2.1 million square foot shopping center
  • Just east of the high traffic signalized intersection of Sherman Way and De Soto Avenue, an intersection which sees over 38,000 vehicles per day

Investment Overview

An 11,173 square foot three-story office building with a private parking lot and back-alley access currently 94% 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 businxxess buildings projected by 2037 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. The ground floor is 2,129 square feet, 583 square feet of which is leased to a Medical Supply Company with three years remaining on their lease. The second story features 4,234 square feet, and the third story is 4,242 square feet. The property features a private parking lot with alley access, containing 14 parking spaces. 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. 20847 Sherman Way is being offered with significant flexibility. The Seller is open to remaining as a tenant and can potentially occupy all the third floor and a portion of the second floor if desired. The second and third floors can also be delivered completely vacant, creating a unique opportunity for an owner-user Buyer.

Exclusively Listed By

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