310-740-7283
18260 Sherman Way, Reseda, CA for Sale
Bank - FOR SALE
1/6
null | Request Cap Rate

18260 Sherman Way
Reseda, CA 91335


HIGHLIGHTS

  • Excellent Visibility and Frontage along Sherman Way
  • Citibank (Citigroup, Inc)- AAA Tenant
  • Strong Demographics and Daily Traffic Counts
  • Ample On-Site Parking
  • Covered Land Play
  • Potential to Build over 200 units on the site

OVERVIEW

Kidder Mathews is pleased to present for sale 18260 Sherman Way in Reseda.Located in the heart of the San Fernando Valley, 18260 Sherman Way offers a rare opportunity to own a high-exposure commercial property in a heavily trafficked corridor of Reseda. This versatile building features ± 13,070 of usable space on a ± 46,000 square foot lot.The property boasts excellent frontage along Sherman Way, ample parking, and strong foot and vehicle traffic. Zoned LARAS4, the site provides flexibility for a variety of business types, with the potential to build over 200 units when Citibank vacates the site. Citibank has 3.8 years left on their current Lease with three (5) year Options. This is an excellent covered land play with a National Credit Tenant. Surrounded by national retailers, restaurants, and residential neighborhoods, this location is perfectly positioned to serve both local and destination customers. Easy access to major freeways, including the 101 and 405, adds to the property's strategic appeal.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

RAS4

APN/PARCEL ID

2125-036-111

ASK ABOUT THIS PROPERTY

Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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

Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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