14434-14480 Sherman Way Los Angeles, CA 91405

Property Details for 14434-14480 Sherman Way

Year built

1995

Lot size

1.21 lot acres

Property size

18,296 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a stabilized, two-tenant retail center in Los Angeles, CA, boasting a 5.45% cap rate and a strong NOI of $686,635. The property, located at 14434-14480 Sherman Way, comprises two single-story buildings totaling 18,296 square feet on a 1.21-acre lot with 70 parking spaces. Anchored by nationally recognized DaVita (DVA-NYSE) and the successful regional restaurant El Gallo Giro, this property benefits from a 100% occupancy rate and long-term NNN leases with corporate guarantees. The leases feature built-in rent increases, providing an inflation hedge and potential for future income growth. Situated at a high-traffic intersection (Van Nuys Blvd. and Sherman Way), the property enjoys exceptional visibility and accessibility, with daily traffic exceeding 86,800 vehicles. The strategic location within a densely populated area of Van Nuys offers a robust consumer base, with over 46,400 residents within a 1-mile radius, 328,851 within 3 miles, and a daytime population exceeding 278,160 within a 3-mile radius. The property is zoned C2-1L / TOC Tier 4 and features a fee-simple ownership structure, making it an ideal 1031 exchange opportunity. Built in 1995, this asset offers a diversified tenant mix of medical and food uses, representing a highly desirable and secure investment in the Los Angeles MSA. The property's passive income stream, minimal operating expenses, and strong tenant credit make it an attractive proposition for discerning investors.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.448

Latitude

34.2009