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.