13020-13026 Sherman Way - Freestanding FOR SALE


North Hollywood, CA 91605
$4,195,000 USD
818-631-7093
13020-13026 Sherman Way, North Hollywood, CA for Sale
$4,195,000 USD
Freestanding - FOR SALE
1/11
null | 5.42% Cap Rate

13020-13026 Sherman Way
North Hollywood, CA 91605


HIGHLIGHTS

  • Frontage along Busy Sherman Way Corridor
  • Directly Across Tesla Plant
  • Pylon Signage for Tenants
  • Multi-Tenant Retail North Hollywood
  • New Construction Multifamily behind Property
  • Nice Parking Lot

OVERVIEW

(Owner-User and/or Investment Opportunity) The property is 100% occupied with three tenants generating $21,440/month in gross income. All three tenants — Kidz Kingdom, Van Bakery, and SimpleFloors — have been operating at this location since before 2008. These are seasoned operators with over 15 years of continuous tenancy at this address. Van Bakery has a fully built-out commercial kitchen. Two of the three tenants are month-to-month; Van Bakery holds an active lease through 3/1/2028. All rents are below market and are structured as gross leases — the owner is currently absorbing all operating expenses. Lessor reserves the right to pass through NNN/operating expenses to tenants, representing additional income upside for a new owner. Seller financing is available — contact broker for terms. Two of the three tenants are month-to-month; clear path for an owner-user to occupy 51% or more of the building and access SBA financing with as little as 10% down. For an investor, the property generates day-one income at 100% occupancy with an in-place cap rate of 3.48%* and a proforma cap rate of 5.42%‡ if the investor passes 100% of operating expenses to tenants (NNN) following a $100K renovation. Occupy Kidz Kingdom (5,294 SF / 58.82%) and qualify for SBA 504 or 7(a) financing with as little as 10% down ($419,500). Remaining two tenants generate $9,540/month in rental income day one. • Gross annual income per owner’s 2025 P&L: $244,880 • Seller financing available (Contact Broker for Guidance on Terms) • Loan may be assumable (Seller needs to check with Lender) • Seller is not charging operating expenses • Kidz Kingdom is paying $2.24/psf/mo. (gross) • Van Bakery is paying $2.89/psf/mo. (gross) • Simple floors is paying $2.17/psf/mo. (gross) • UPSIDE: Seller is not charging nnn & rents are below market. Leases reserve the right to pass through triple nets.

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$466 USD /SF

CAP RATE

5.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Day Care Center, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

CROSS STREETS

Coldwater Canyon

LAND ACRES

0.35 AC

LAND SF

15,403 SF

ZONING

LA-C2

APN/PARCEL ID

2327-017-040

ASK ABOUT THIS PROPERTY

Marcos X. VillagomezNAI CapitalMore Info
818-631-7093

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Marcos X. VillagomezNAI CapitalMore Info
818-631-7093

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.