16103 Sherman Way - Service Station FOR SALE
Van Nuys, CA 91406 |
$5,500,000 USD
818-259-0476
16103 Sherman Way
Van Nuys, CA 91406
HIGHLIGHTS
- Current lease expires August 31, 2027, creating a unique chance for an owner-user to operate their business upon lease expiration.
- Situated at Sherman Way & Woodley Avenue, a heavily trafficked intersection with 66,815 cars per day.
- A recent Phase I (2025) came with No Further Action needed, which is complemented by regular and successful tank/piping tests.
- Favorable lease language ensures landlord control over equipment and environmental provisions, enabling a smooth transition for future operations.
- Within a 3-mile radius: 281,799 residents and an average household income of $110,833, supporting strong fuel and retail sales.
- Less than 0.5 miles from the I-405 freeway exit at Sherman Way and 0.05 miles from Van Nuys Airport, ensuring consistent traffic flow.
FOR SALE DETAILS
PRICE
$5,500,000 USD
PRICE/SF
$4,737 USD /SF
CAP RATE
2.17%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chevron
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1950
SPRINKLERS
-
PARKING SPACES
6
LAND DETAILS
LAND ACRES
0.29 AC
LAND SF
12,451 SF
ZONING
LAC2
APN/PARCEL ID
2205-028-001
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818-259-0476
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818-259-0476
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