Located right at one of the most frequented interchanges in the United States where the 405 freeway meets the 101, The Sherman Oaks Galleria is the crown jewel retail development of the entire San Fernando Valley in Los Angeles.
If the Valley were a distinct city from Los Angeles, it would rank the 5th most populous city in the entire country behind only New York, Los Angeles, Chicago and Houston. As such, the retail opportunity here at the gateway to the Valley simply cannot be overstated.
The metrics here are undeniable:
- The number of cars that pass the property daily is in excess of 400,000 - that’s not a typo.
- Average household incomes in Sherman Oaks surpass $150,000, with similar figures in adjacent Studio City to the immediate east and Encino to the immediate west.
- Population within just 5 miles is over 500,000.
- Office density is 3.5M square feet within 1-mile of the property, with over 750,000 square feet of office at the Galleria itself - creating quite a significant captive daily audience with over 3,200+ daily office occupants at the center.
All of the above mind-blowing metrics along with an audacious plan to renovate and bring an exciting new tenant mix to this iconic project, makes now as the time and this as the place to plant your flag at the most famous property in the Valley.