Secured Industrial Storage
11823-11825 Sherman Way North Hollywood, CA 91605
For Sale
Contact for pricing
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 Market199
Property Features for 11823-11825 Sherman Way
General Information
- Standard status
- Active
- Size
- 34,625 SF
- Property subtype
- LAND
Properties For Sale
at 11823-11825 Sherman Way Contact us
Listing Agency:
NAI Capital
(818) 742-1626
Listed By:
Chad Gahr · License #00914504
(818) 742-1626
Source:
Moodyscre
Added: Jan 6
Changed: Jul 23
Last Checked: Jul 23 at 10:48AM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $556.8k | $16.08 |
| − Vacancy | −$26.7k | −$0.77 |
| EGI | $530.0k | $15.31 |
| − OpEx | −$79.5k | −$2.30 |
| NOI | $450.5k | $13.01 |
34,625 SF · lease $16.08/SF/yr · vacancy 4.80% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Extra Space Storage — 11423 Vanowen St, North Hollywood, CA 91605
- Extra Space Storage — 6880 Troost Ave, North Hollywood, CA 91605
- 101 Storage — 4647 Laurel Canyon Blvd, North Hollywood, CA 91607
- Noho Refrigerator Llc — Los Angeles, CA 91605
- Logistics Prep Center — 12228 Sherman Way Unit R7, North Hollywood, CA 91605
FAQs
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
