Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

961 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

13329 Sherman Way 14,000 SF 100% Leased Retail Building North Hollywood, CA 91605 $8,925,911 CAD ($637.57 CAD/SF) 7% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Sale-Leaseback Structure: Seller to sign a new 10-year absolute NNN lease at close of escrow
Passive Ownership: Absolute NNN lease eliminates landlord responsibilities
Recent Upgrades: new paint, modernized lighting, upgraded electrical panels, roof R&M, automated roll-up doors, and new HVAC in retail unit

3% Annual Rent Increases: Provides consistent income growth and inflation protection
Parcel and Parking: ±29,875 SF parcel with 31 surface parking spaces (2.21/1,000 SF ratio)
Dual-facing Billboard: leased to Clear Channel for additional income

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present the sale-leaseback offering of 13329 Sherman Way, a ±14,000 SF commercial building situated on a ±29,875 SF parcel zoned CM-1 in the high-growth East San Fernando Valley submarket of North Hollywood, CA. At the close of escrow, the seller will execute a new 10-year absolute NNN lease for the entire building with 3% annual rent increases, providing investors with passive, stable cash flow and a built-in hedge against inflation. This long-term lease structure eliminates landlord responsibilities, making this an ideal opportunity for investors seeking a truly hands-off investment.
The property is prominently positioned along Sherman Way, one of the busiest east-west thoroughfares, offering excellent visibility with over 101 feet of frontage, daily traffic counts exceeding 50,000 vehicles, and a highly visible pylon sign. Located just west of Coldwater Canyon Boulevard and east of Woodman Avenue, the site provides convenient access to the 170 Hollywood Freeway and the greater San Fernando Valley.
While the property will be 100% occupied by the seller’s business, Euro Collision Centers, a well-established automotive collision repair company with a strong reputation for quality service, the asset combines long-term stability with future flexibility. The building can be easily reconfigured into ten suites averaging ±1,000 SF each, plus a 4,000 SF storefront retail suite. The site also offers approximately 31 parking spaces, equating to a ratio of 2.21 per 1,000 SF.