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Airport Plaza 16500-16530 Sherman Way 1,818 SF of Retail Space Available in Van Nuys, CA 91406
HIGHLIGHTS
- Co-tenants include Autozone, Subway, Popeyes, and Food4Less
- Plenty of parking available in the large parking lot
- High traffic counts
- Excellent signage opportunity on the corner of Sherman Way and Hayvenhurst avenue
- Close proximity to Van Nuys Airport
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 16500 | 1,818 SF | Negotiable | $47.72 CAD/SF/YR $3.98 CAD/SF/MO $86,747 CAD/YR $7,229 CAD/MO | Triple Net (NNN) |
16500 Sherman Way - 1st Floor - Ste 16500
Co-tenants include Autozone, Subway, Popeyes, and Food4Less Excellent signage opportunity on the corner of Sherman Way and Hayvenhurst avenue Plenty of parking available in the large parking lot Close proximity to Van Nuys Airport High traffic counts
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Corner Space
- High Ceilings
- Hardwood Floors
- Excellent Visibility & Signage
- Close proximity to Van Nuys Airport
- High traffic counts
- Co-tenants include Autozone, Subway, Popeyes+
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT AIRPORT PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- AutoZone
- Automotive
- 7,126
- International
- Popeyes
- Fast-food
- 4,001
- International
- Subway
- Sub Sandwich
- 28,950
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| AutoZone | Automotive | 7,126 | International |
| Popeyes | Fast-food | 4,001 | International |
| Subway | Sub Sandwich | 28,950 | International |
PROPERTY FACTS
| Total Space Available | 1,818 SF | Center Properties | 2 |
| Center Type | Neighborhood Center | Gross Leasable Area | 55,495 SF |
| Parking | 213 Spaces | Total Land Area | 3.49 AC |
| Stores | 5 | Year Built | 1994 |
| Total Space Available | 1,818 SF |
| Center Type | Neighborhood Center |
| Parking | 213 Spaces |
| Stores | 5 |
| Center Properties | 2 |
| Gross Leasable Area | 55,495 SF |
| Total Land Area | 3.49 AC |
| Year Built | 1994 |
FEATURES AND AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Monument Signage
NEARBY MAJOR RETAILERS
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Airport Plaza | 16500-16530 Sherman Way
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