13329 Sherman Way - Auto Repair FOR SALE


North Hollywood, CA 91605
$6,900,000 USD
818-212-2776
13329 Sherman Way, North Hollywood, CA for Sale
$6,900,000 USD
Auto Repair - FOR SALE
1/21
null | Request Cap Rate

13329 Sherman Way
North Hollywood, CA 91605


HIGHLIGHTS

  • ±14,000 SF building: one 4,000 SF retail unit at the front and three industrial/auto bays at the rear, with potential to demise into up to ten suites
  • ±29,875 SF parcel with 31 surface parking spaces (2.21/1,000 SF)
  • Versatile CM-1 Underlying Zoning | Wide Array of Permitted Industrial/Commercial Uses
  • Flexible ownership options: property will be delivered vacant at close of escrow or with a market-rate leaseback by the seller
  • Recent upgrades include new interior and exterior paint, modernized lighting, upgraded electrical panels, roof R&M, etc.
  • The property also features a dual-facing billboard leased to Clear Channel, providing additional income

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.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$493 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Showroom, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

LACM

APN/PARCEL ID

2328-028-023

ASK ABOUT THIS PROPERTY

Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

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Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

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