13833-13841 Ventura Blvd - Storefront Retail/Office FOR SALE


Sherman Oaks, CA 91423
$10,000,000 USD
310-909-5406
13833-13841 Ventura Blvd, Sherman Oaks, CA for Sale
$10,000,000 USD
Storefront Retail/Office - FOR SALE
1/39
null | Request Cap Rate

13833-13841 Ventura Blvd
Sherman Oaks, CA 91423


HIGHLIGHTS

  • The Neema Group of Marcus & Millichap and Kamyar Rezaie of Wembley's Inc. are pleased to present 13833 Ventura Blvd
  • Newer construction owner-user or investment opportunity located on the premier Ventura Boulevard corridor in Sherman Oaks
  • Built in 2011, the 10,080 SF mixed-use property features five ground-floor retail suites and six second-floor office suites
  • The property offers excellent parking, including 11 gated surface spaces and 21 subterranean spaces
  • Ideal opportunity for an owner-user to utilize SBA financing
  • Rare opportunity to acquire a turnkey, newer-construction asset with over 115 feet of frontage on Ventura Blvd

OVERVIEW

The Neema Group of Marcus & Millichap and Kamyar Rezaie of Wembley's Inc. are pleased to present a rare owner-user or investment opportunity located along the premier Ventura Boulevard corridor in Sherman Oaks. Built in 2011, the 10,080-square-foot mixed-use property consists of five ground-floor retail suites and six second-floor office suites within a modern, turnkey asset positioned in one of the most desirable commercial corridors in the San Fernando Valley. The property benefits from strong in-place tenancy and near-term upside potential. Two retail suites totaling 1,904 square feet are leased to LaserAway through December 2028 with annual rent increases, while an additional 1,367 square feet of retail space is occupied on a month-to-month basis and a 600-square-foot retail suite is currently vacant. One office suite is leased through September 2028, and approximately 3,342 square feet of remaining office space is available, creating an ideal opportunity for an owner-user. The building provides excellent parking, including gated surface and subterranean spaces, along with secure basement storage units that offer supplemental income potential. The asset is well suited for a variety of uses, including potential medical office conversion supported by a favorable parking ratio and recent regulatory allowances. The opportunity is further enhanced by the ability for an owner-user to pursue SBA financing, which may reduce the required equity investment compared to conventional financing. Strategically located on a highly walkable stretch of Ventura Boulevard with more than 115 feet of frontage and strong daily traffic counts, the property benefits from exceptional visibility and access. Sherman Oaks is an affluent and densely populated submarket supported by major entertainment and media employers, nearby educational institutions, and a high-income residential base. Overall, the offering represents a rare chance to acquire a newer-construction mixed-use asset with flexible occupancy options in one of Southern California’s most sought after commercial markets.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$992 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

LAC2

APN/PARCEL ID

2271-016-014

ASK ABOUT THIS PROPERTY

Patricia EscobarMarcus & MillichapMore Info
310-909-5406

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Patricia EscobarMarcus & MillichapMore Info
310-909-5406

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