28
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$4,750,000
Est. payment /mo
1.5 Acres Lot
New
21012 Sherman WAY Canoga Park, CA 91303
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25573261
HOA Y/N No
Year Built 1962
Lot Size 1.496 Acres
Property Description
21012-21034 Sherman Way comprises an automotive service center of four commercial buildings on three contiguous parcels. The Properties can be purchased as a portfolio for $4,750,000 or individually (Individual offering prices listed below). The portfolio offers 19,160 SF of RBA on a 65,148 SF lot situated along Sherman Way, anchored by signalized intersections. The asset benefits from excellent visibility prominent street signage, substantial frontage, and over 80 on-site parking spaces ensuring easy customer access for a car dealership, repair shop or body-work operation. The Portfolio features showrooms, offices, permitted spray booths, hoists & 11 above-ground lifts, Clarifiers, above-ground tanks, updated fire suppression system, rotary lifts, separate primer zone. The offering presents investors with a value-add opportunity: reposition the asset with new tenants, enhance market rents on a NNN basis, and unlock upside through active management. It likewise suits an owner-user seeking to expand an existing automotive business in a high-traffic location. 21012 -21024 Sherman Way (offered individually for $3,000,000) is a commercial property comprised of a retail showroom with signage and 42 feet of frontage along Sherman Way, 9 automotive bays, 2nd floor office space, and a freestanding building totaling 3 structures designated for vehicle sales and rentals. Built in 1962, the structures are 14,948 SF on a 51,000 SF lot, 25,500 of which is designated as a commercial parking lot with 80 parking spaces. The Property is currently leased to Nationwide Auto Exchange, an auto body repair and paint shop for vehicles. 21034 Sherman Way (Offered $1,750,000) encompasses a 4,212 SF auto repair garage on a 14,049 SF lot with 4 bays, an office, permitted spray-paint infrastructure, rotary lifts. 21034 Sherman Way is currently leased to Auto Craft Collision, an auto body repair and vehicle paint shop with LADBS & AQMD permits for a spray paint booth.
Location
State CA
County Los Angeles
Area Cp - Canoga Park
Zoning LAC2
Interior
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 89
Building
Lot Description Rectangular Lot
Story 2
Others
Tax ID 2112030023
Security Features Gated Community
Special Listing Condition Probate Listing
Listed by David Weinberger Keller Williams Studio City