310-491-2005
13005 Sherman Way, North Hollywood, CA for Sale
Auto Dealership - FOR SALE
1/2
null | Request Cap Rate

13005 Sherman Way
North Hollywood, CA 91605


HIGHLIGHTS

  • https://platform.reverecre.com/project/07bcb6b4-1ad2-4bf3-904b-7502e03aacd9

OVERVIEW

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, investment grade, Tesla Sales, Service, and Delivery Center (SSD) & Collision investment property located at 13005 Sherman Way in North Hollywood, CA (the “Property”). Tesla, Inc., recently signed a brand new 15-year lease demonstrating their deep commitment to the site. The lease is signed by the corporate entity, Tesla, Inc. (S&P: BBB | Nasdaq: TSLA), and is NNN leased with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive NNN lease investor. Tesla is one of the world’s most valuable companies (Currently Ranked #10 by Market Cap $903.5 Billion - according to Companies Market Cap) and remains the world’s most valuable automaker. The subject property is one of Tesla’s largest SSD facilities nationwide at over 122k SF, making it a perfect fit for Tesla’s logistics needs for vehicle sales, service, and delivery in the broader North Hollywood market which includes approximately 1.8 million people within 10 miles.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tesla

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

642

LAND DETAILS

LAND ACRES

10.2 AC

LAND SF

444,312 SF

ZONING

CM-1

APN/PARCEL ID

2327-015-019

ASK ABOUT THIS PROPERTY

Kevin ShannonNewmarkMore Info
310-491-2005

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Kevin ShannonNewmarkMore Info
310-491-2005

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