Secured Industrial Storage
For Sale
Contact for pricing
11823-11825 Sherman Way, North Hollywood, CA 91605
Fully fenced, lit, and secured concrete parcel with street-to-street access and three insulated metal buildings.
Property Size34,625 SF
Price / SF$147.29
Days on Market293
Property Features for 11823-11825 Sherman Way
General Information
Standard status
Active
Size
34,625 SF
Property subtype
LAND
Zoning
M2
Lease Type
Modified Gross
Site & Location
Road Access
Yes
Fenced Yard
Yes
Amenities
Fully Fenced
Lit
Secured
Cross Property Access
Building Details
Construction
Metal
Properties For Sale
at 11823-11825 Sherman Way
11823 - 11825 Sherman Way
AVAILABLE, Now
Size
34,625 SF
Type
LAND
Lease Type
MODIFIED_GROSS
Sublease
No
M2 Zoned - Fully Fenced, Lit & Secured Concrete Parcel
w/ 3 Highly Fully Insulated and Improved Metal Bldgs
w/ HVAC Totaling 14,160 SF
Street-To-Street Cross Property Access
Perfect for Automotive or Secure Outdoor Storage
Contact us
Listing Agency:
NAI Capital
(818) 905-2400
Listed By:
Chad Gahr · License #01230414
(818) 742-1626
Source:
Moodyscre
Added: Jan 6
Changed: Oct 25
Last Checked: Oct 24 at 7:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Capital
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This M2-zoned concrete parcel is fully fenced, lit, and secured, offering a secure outdoor storage setting. The property includes three highly insulated and improved metal buildings, with HVAC totaling 14,160 square feet.
A street-to-street cross-property access point supports straightforward internal circulation across the site.
The existing combination of secured outdoor space and enclosed, HVAC-equipped buildings makes the property especially suitable for automotive-related uses or other secure outdoor storage requirements.
A street-to-street cross-property access point supports straightforward internal circulation across the site.
The existing combination of secured outdoor space and enclosed, HVAC-equipped buildings makes the property especially suitable for automotive-related uses or other secure outdoor storage requirements.
Key Highlights
- M2 zoned fully fenced concrete parcel
- Lit and secured property with street‑to‑street cross access
- Three highly insulated metal buildings with HVAC totaling 14,160 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$450,538
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,010,760
$9.0M
Cap Rate 7%
$6,436,257
$6.4M
Cap Rate 9%
$5,005,978
$5.0M
Market Conditions
NOI Build-Up for 34,625 SF
Gross rent
$556.8K $16.08/SF
− Vacancy
−$26.7K −$0.77/SF
EGI
$530.0K $15.31/SF
− OpEx
−$79.5K −$2.30/SF
NOI
$450.5K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,010,760
Cap Rate 7%
$6,436,257
Cap Rate 9%
$5,005,978
Alternative Uses
Best Use
Warehouse
$6.44M
$5.63M – $7.51M
NOI $450,538 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.54M
$16.22M – $21.63M
NOI $1,297,666 @ 7.0% cap · market cap 25.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,513
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91605, CA
54,341
Population
17,206
Households
3.2
Avg Household Size
36
Median Age
22%
College-Educated
71%
High-School Grad
5.4 sq mi
ZIP Area
10,063
Density / Sq Mi
$64,539
Median Household Income
$32,751
Median Earnings
$1,736
Median Rent
$729,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- 101 Storage — 4647 Laurel Canyon Blvd, North Hollywood, CA 91607
- Extra Space Storage — 6880 Troost Ave, North Hollywood, CA 91605
- Extra Space Storage — 11423 Vanowen St, North Hollywood, CA 91605
- Noho Refrigerator Llc — Los Angeles, CA 91605
- Logistics Prep Center — 12228 Sherman Way Unit R7, North Hollywood, CA 91605
Frequently Asked Questions
What type of property is this?
Warehouse - Fully fenced, lit, and secured concrete parcel with street-to-street access and three insulated metal buildings.
Where is this warehouse located?
The property is located at 11823-11825 Sherman Way North Hollywood, CA.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: M2 zoned fully fenced concrete parcel; Lit and secured property with street‑to‑street cross access; Three highly insulated metal buildings with HVAC totaling 14,160 SF
