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Sherman Oaks Office Building

4419 Van Nuys Blvd Sherman Oaks, CA 91403

4419 Van Nuys Blvd, Sherman Oaks, CA, 91403
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For Sale
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Office building for sale in Sherman Oaks, California.

Property Size36,363 SF
Price / SF$327.26
AddedJan 4, 2024
Days on Market923
Last RefreshMay 27 at 7:43 am

Property Features for 4419 Van Nuys Blvd

General Information

Standard status
Active
Size
36,363 SF
Property subtype
OFFICE

Properties For Sale

at 4419 Van Nuys Blvd Contact us

Listing office Pacific Partners Commercial, Inc

Listing date Jan 4, 2024

Source Moodyscre

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 Pacific Partners Commercial, Inc


Investment Insights

Based on property information with market context.

An office building is available for sale. The property is located in Sherman Oaks, California. The building has a size of 36363 square feet.

Key Highlights

  • Office building for sale
  • Property is an office building
  • For sale

Local Financial Insights For Office B

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 $1.40M $38.40
− Vacancy −$336.5k −$9.25
EGI $1.06M $29.15
− OpEx −$265.0k −$7.29
NOI $794.9k $21.86
36,363 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%

Alternative Uses

Best Use
Office B
$11.36M
$9.94M – $13.25M (±1% cap)
NOI $794,866 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.47M
$17.04M – $22.71M (±1% cap)
NOI $1,362,803 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dr. Ruzan Sarkissian ... Dental Office Jonathan Simons, Psy.D. Physician Wendy Dytman Marriage Or Relationship Counselor Dr. Lynne Friedman-Gell Physician Share Jack B ... Physician

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Store Restaurant Fish Market Supermarket Pet Store & Service Grocery & Convenience Store Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Office building for sale in Sherman Oaks, California.
Where is this office building located?
The property is located at 4419 Van Nuys Blvd Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $11,900,000.
What are key features of this property?
This property features: Office building for sale; Property is an office building; For sale
Contact an agent
(818) 834-1030 Call to check price and availability
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