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    21355 Sherman Way Los Angeles, CA 91303

    For Lease
    $60 SF/Yr

    Prime Retail Space, Multiple Units Available

    Lot size:
    18,249 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail and restaurant opportunity is located at 21355 Sherman Way in Canoga Park, Los Angeles County, CA 91303. The property, built in 2007, boasts a total of 18,249 square feet, with 3,900 square feet currently vacant. The available spaces range from 800 to 1,200 square feet, perfect for a variety of businesses. This multi-tenant building enjoys a highly visible corner lot location at a signalized intersection, benefiting from excellent street exposure and accessibility. The property is strategically situated adjacent to the new Orange Line and parking facility, anticipating approximately 8,700 daily riders, ensuring high foot traffic and visibility. Its location within a State Enterprise Zone further enhances its appeal. This thriving business community in the southwest San Fernando Valley offers a dynamic and growing market. Additional features include 24-hour access, convenient bus line access, a prominent pylon sign, and air conditioning within the building. The property's proximity to the Metro/Subway provides convenient public transportation options for employees and customers. This is a rare opportunity to secure prime retail space in a rapidly developing area with exceptional visibility and accessibility.

    Property Features for 21355 Sherman Way

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,249 SF
    Total Rate
    91245

    Building Details

    Year Built
    2007

    Unit(s) available at that property

    Space
    1st Floor, Suite 7226
    Size
    900 SF
    Rate per SF
    $60
    Space
    1st Floor, Suite 7218
    Size
    800 SF
    Rate per SF
    $60
    Space
    1st Floor, Suite 7212
    Size
    1,000 SF
    Rate per SF
    $60
    Space
    1st Floor, Suite 7219
    Size
    1,200 SF
    Rate per SF
    $78

    HighLights

    • Prime retail/restaurant space, 18,249 SF total, 3,900 SF vacant, divisible spaces (800‑1,200 SF).
    • High‑visibility corner lot at signalized intersection in Canoga Park, CA.
    • Adjacent to new Orange Line station & parking facility, projected 8,700 daily riders; located in State Enterprise Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.5972109
    Latitude
    34.2011575

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, Multiple Units Available
    Where is this restaurant located?
    The property is located at 21355 Sherman Way Los Angeles, CA.
    What is the lease rate?
    The lease rate is $60-$78 SF/Yr.
    What are key features of this property?
    This property features: Prime retail/restaurant space, 18,249 SF total, 3,900 SF vacant, divisible spaces (800-1,200 SF).; High-visibility corner lot at signalized intersection in Canoga Park, CA.; Adjacent to new Orange Line station & parking facility, projected 8,700 daily riders; located in State Enterprise Zone.
    Request Owner's contact information
    21355 Sherman Way Los Angeles, CA 91303
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    Los Angeles, CA 91303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21355 Sherman Way Los Angeles, CA 91303
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