13329 Sherman Way - Auto Repair FOR SALE


North Hollywood, CA 91605
$6,394,285 USD
818-212-2776
13329 Sherman Way, North Hollywood, CA for Sale
$6,394,285 USD
Auto Repair - FOR SALE
1/21
null | 7% Cap Rate

13329 Sherman Way
North Hollywood, CA 91605


HIGHLIGHTS

  • Sale-Leaseback Structure: Seller to sign a new 10-year absolute NNN lease at close of escrow
  • 3% Annual Rent Increases: Provides consistent income growth and inflation protection
  • Passive Ownership: Absolute NNN lease eliminates landlord responsibilities
  • Parcel and Parking: ±29,875 SF parcel with 31 surface parking spaces (2.21/1,000 SF ratio)
  • Recent Upgrades: new paint, modernized lighting, upgraded electrical panels, roof R&M, automated roll-up doors, and new HVAC in retail unit
  • Dual-facing Billboard: leased to Clear Channel for additional income

OVERVIEW

Marcus & Millichap is pleased to present the sale-leaseback offering of 13329 Sherman Way, a ±14,000 SF commercial building situated on a ±29,875 SF parcel zoned CM-1 in the high-growth East San Fernando Valley submarket of North Hollywood, CA. At the close of escrow, the seller will execute a new 10-year absolute NNN lease for the entire building with 3% annual rent increases, providing investors with passive, stable cash flow and a built-in hedge against inflation. This long-term lease structure eliminates landlord responsibilities, making this an ideal opportunity for investors seeking a truly hands-off investment. 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. While the property will be 100% occupied by the seller’s business, Euro Collision Centers, a well-established automotive collision repair company with a strong reputation for quality service, the asset combines long-term stability with future flexibility. The building can be easily reconfigured into ten suites averaging ±1,000 SF each, plus a 4,000 SF storefront retail suite. The site also offers approximately 31 parking spaces, equating to a ratio of 2.21 per 1,000 SF.

FOR SALE DETAILS

PRICE

$6,394,285 USD

PRICE/SF

$457 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

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.