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Office

14444-14446 Ventura Blvd, Sherman Oaks

14444-14446 Ventura Blvd, Sherman Oaks, CA 91423

Listing Price: $5,250,000

Cap Rate
2.31%
Gross SF
5,920
Rentable SF
5,920
Price/Gross SF
$886.82
Lot Size
0.22 acres
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present 14444-14446 Ventura Blvd, a two tenant Retail property located on one of the most desirable stretches of Ventura Blvd in Sherman Oaks. Surrounded by a synergetic mix of restaurants, shopping and entertainment, the property is conveniently located just four parcels east of the signalized intersection of Ventura Blvd and Van Nuys Blvd. The property enjoys approximately 80 feet of visible frontage along Ventura Blvd, which sees over 35,000 vehicles per day. Each retail suite is built out with floor to ceiling glass storefronts and enjoys its own pylon building sign. The building sits on an approximate 0.22-acre C2-1L zoned parcel which provides for 8 off-street parking spaces, accessed by the rear alley. There are 4 x 5-ton AC units and the roof that was completely replaced at the end of 2014 and was resurfaced in 2018.

The property is currently 100% occupied by two tenants, ICON Furniture and Light Bulbs Unlimited. Approximately 51% of the total gross leasable area is on a month-to-month lease allowing for an Owner/User to take possession of one of the suites and collect income from the other while taking advantage of the historically low SBA interest rates and the ability to put as little as 10% down. Contact agent regarding additional SBA incentives between now and September 30th. The tenant in the remaining gross leasable area just signed a brand new 5-year lease with a 5-year option that commenced in December of 2020.

14444-14446 Ventura Blvd is perfectly positioned just a half mile from the 101 Freeway, 1.25 Miles from the 405 Freeway, and half a block west of Beverly Glen Blvd, one of the main throughfares connecting the San Fernando Valley and West Los Angeles. The property is surrounded by numerous new developments as well as countless Class A amenities including the Sherman Oaks Galleria, and Oak Ridge Plaza, and the Westfield Sherman Oaks Mall.

Investment Highlights

  • Rare Sherman Oaks Owner/User Opportunity with Income
  • Located on the Famed and Highly Sought-After Ventura Blvd
  • Vehicles High Traffic Counts- Over 35,000 Per Day
  • Pylon Signage with 80 Feet of Frontage on Ventura Blvd
  • 8 Off-Street Parking Spaces accessed by Rear Alley
  • Roof was Replaced in 2014 & Resurfaced in 2018

Exclusively Listed By

Office

14444-14446 Ventura Blvd, Sherman Oaks

Listing Price: $5,250,000

Cap Rate
2.31%
Gross SF
5,920
Rentable SF
5,920
Price/Gross SF
$886.82
Lot Size
0.22 acres
Year Built
1980

Investment Highlights

  • Rare Sherman Oaks Owner/User Opportunity with Income
  • Located on the Famed and Highly Sought-After Ventura Blvd
  • Vehicles High Traffic Counts- Over 35,000 Per Day
  • Pylon Signage with 80 Feet of Frontage on Ventura Blvd
  • 8 Off-Street Parking Spaces accessed by Rear Alley
  • Roof was Replaced in 2014 & Resurfaced in 2018

Investment Overview

Marcus & Millichap is pleased to present 14444-14446 Ventura Blvd, a two tenant Retail property located on one of the most desirable stretches of Ventura Blvd in Sherman Oaks. Surrounded by a synergetic mix of restaurants, shopping and entertainment, the property is conveniently located just four parcels east of the signalized intersection of Ventura Blvd and Van Nuys Blvd. The property enjoys approximately 80 feet of visible frontage along Ventura Blvd, which sees over 35,000 vehicles per day. Each retail suite is built out with floor to ceiling glass storefronts and enjoys its own pylon building sign. The building sits on an approximate 0.22-acre C2-1L zoned parcel which provides for 8 off-street parking spaces, accessed by the rear alley. There are 4 x 5-ton AC units and the roof that was completely replaced at the end of 2014 and was resurfaced in 2018.

The property is currently 100% occupied by two tenants, ICON Furniture and Light Bulbs Unlimited. Approximately 51% of the total gross leasable area is on a month-to-month lease allowing for an Owner/User to take possession of one of the suites and collect income from the other while taking advantage of the historically low SBA interest rates and the ability to put as little as 10% down. Contact agent regarding additional SBA incentives between now and September 30th. The tenant in the remaining gross leasable area just signed a brand new 5-year lease with a 5-year option that commenced in December of 2020.

14444-14446 Ventura Blvd is perfectly positioned just a half mile from the 101 Freeway, 1.25 Miles from the 405 Freeway, and half a block west of Beverly Glen Blvd, one of the main throughfares connecting the San Fernando Valley and West Los Angeles. The property is surrounded by numerous new developments as well as countless Class A amenities including the Sherman Oaks Galleria, and Oak Ridge Plaza, and the Westfield Sherman Oaks Mall.

Exclusively Listed By

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