18300 Sherman WayLos Angeles, CA 91335

Property Details for 18300 Sherman Way

Year built

1990

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

6,192 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

2125-003-052

APU

2125003052

Description

This exceptional investment opportunity presents a 6,192 square foot, single-tenant, free-standing retail building, perfectly situated on a hard corner at a signalized intersection in Los Angeles County, California. The property, located at 18300 Sherman Way, Reseda, CA 91335, boasts a prominent location along a major retail thoroughfare with high traffic counts exceeding 30,000 vehicles per day. Currently 100% occupied by Western Dental & Orthodontics under a brand new 12-year net lease (commencing September 1, 2023, and expiring August 31, 2035), this asset offers significant long-term security and substantial upside potential. The lease includes attractive 10% rent bumps every five years, ensuring consistent income growth. Built in 1990 and extensively renovated in 2023, the property features a single story building on a 7,013 square foot lot, zoned GC. The asking price is $3,900,000, representing a compelling cap rate of 6.20% and a price per square foot of $629.84. The property's strong tenant, desirable location, and built-in rent increases make this a highly attractive investment opportunity. Lease options include a 1x3 year and 3x5 year extension. The Net Operating Income (NOI) is $241,488. Nearby businesses include Walgreens, Wells Fargo, WSS, Goodwill, 99 Cents Only, Jons Fresh Marketplace, Citi, and Bank of America. The APN is 2125-003-052.

Location Insight

City

Reseda

County

Los Angeles

State

California

Latitude

34.2008

Longitude

-118.532

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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