PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION:
OFFERING SUMMARY: 15122-15124 Ventura Blvd, Sherman Oaks, offers an investor a prime Sherman Oaks location on the premier street of the San Fernando Valley. The building is unique with 2 large rare signs on the roof. One sign is a 14 x 48 foot billboard (billboard structure is owned by the seller) and the 2nd sign is a double sided 8 x 26 foot on premise sign. The property offers the flexibility of keeping tenants and extending leases or using some of the space as an owner user. The building is 100% occupied.
DEMOGRAPHICS: Dense growing population in one of the most affluent neighborhoods of the San Fernando Valley. Average household income is over 139k per year within 1 mile and over 136k within 3 miles. Over 26k residents within 1 mile, and 165k residents within 3 miles and the population continues to grow.
PRICE: $5,500,000 – 4.75% Current Cap Rate, 8,353 SF Building on 10,500 SF Lot