21834 Sherman Way - Bank FOR SALE
Canoga Park, CA 91303 |
$3,125,000 USD
818-259-0476
21834 Sherman Way
Canoga Park, CA 91303
HIGHLIGHTS
- Wells Fargo has recently provided confirmation to exercise their option to extend through August 31, 2031.
- The property is located one (1) block east of Topanga Blvd. situated approximately one (1) mile north of the future Rams Village at Warner Center.
- Generous land-to-building ratio on two parcels provides excellent parking and potential long-term redevelopment upside.
- ells Fargo (and its predecessor, First Interstate Bank) has continuously occupied this location since 1996, demonstrating strong site commitment.
- The branch has a triple-drive thru located on premise allowing for flexible repositioning plays upon lease expiration.
- The branch is on Wells Fargo’s 2026 refresh/renovation list and will undergo improvements this year, at tenant’s expense.
FOR SALE DETAILS
PRICE
$3,125,000 USD
PRICE/SF
$257 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wells Fargo
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1954
SPRINKLERS
-
PARKING SPACES
53
LAND DETAILS
LAND ACRES
0.83 AC
LAND SF
36,063 SF
ZONING
C2
APN/PARCEL ID
2111-024-001,2111-024-018
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818-259-0476
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818-259-0476
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