18300 Sherman Way Reseda, CA 91335-4424
- Retail space
- 6,192 SF
- 0.16 lot acres
Current Use by Public Records
- Western Dental & Orthodontics / Endodontist / Oral Surgeon
Property Details for 18300 Sherman Way
- Year built
- 1990
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 6,192 SF
- Zone code
- LAC2
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,625,000
- 6.5%
- $3,490,000
- 7%
- $3,040,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,700,000
- Geo Method
- $3,340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,465,000
- Retail
- $3,125,000
- Mixed-Use
- $2,440,000
- Hospitality
- $2,625,000
- Educational
- $3,295,000
- Residential Income
- $2,875,000
- Energy
- $3,355,000
- Income-Based Land
- $2,890,000
- Food Service
- $2,595,000
Location Insight
- Map
- Local Demand
- City
- Reseda
- County
- Los Angeles
- State
- California
- Longitude
- -118.532
- Latitude
- 34.2008
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
