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16605 Sherman Way 6,656 SF of Retail Space Available in Van Nuys, CA 91406
HIGHLIGHTS
- Freestanding ±6,656 SF building on a ±24,067 SF lot, ideal for medical, retail, or service-commercial users
- High-visibility frontage on Sherman Way with traffic counts exceeding 39,000 VPD
- Established demographic base — over 470,000 residents within a 10-minute drive with strong household purchasing power
- 48 surface spaces — a rare parking ratio of 7.21/1,000 SF
- Adjacent to Van Nuys Airport and near major employment, residential, and medical corridors
- Walkable, transit-served location with Walk Score® 77 (Very Walkable) and Transit Score® 44
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,656 SF | Negotiable | $45.27 CAD/SF/YR $3.77 CAD/SF/MO $301,289 CAD/YR $25,107 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
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 16605 SHERMAN WAY, VAN NUYS, CA 91406
- Easter Seals of Southern California
PROPERTY FACTS
| Total Space Available | 6,656 SF | Gross Leasable Area | 6,656 SF |
| Property Type | Retail | Year Built | 1979 |
| Property Subtype | Freestanding | Parking Ratio | 7.21/1,000 SF |
| Total Space Available | 6,656 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 6,656 SF |
| Year Built | 1979 |
| Parking Ratio | 7.21/1,000 SF |
ABOUT THE PROPERTY
16605 Sherman Way is a 6,656 SF freestanding commercial building positioned along one of the San Fernando Valley’s most active arterial corridors. Located less than half a mile from Van Nuys Airport, the property benefits from consistent business activity generated by aviation-related users, flight schools, charter services, and adjacent industrial and professional service operators. Its strategic position elevates accessibility for customers and employees while connecting the site to regional commercial and transportation networks. The property offers 48 surface parking spaces—an above-market ratio of 7.21 spaces per 1,000 SF, providing a rare advantage for tenants with high parking demand such as medical offices, outpatient care, physical therapy, rehabilitation centers, educational services, or community-based healthcare providers. The current tenant, Easter Seals of Southern California, reinforces the suitability of the building for medical, therapeutic, and service-oriented operations. Fronting 138 feet on Sherman Way, the building enjoys strong visibility and signage exposure supported by traffic counts reaching 39,771 vehicles per day, ensuring reliable consumer reach for retail, medical, and commercial users. The property sits in a pedestrian-friendly area with a Walk Score of 77 (“Very Walkable”), and proximity to bus lines provides additional accessibility for clients and staff. The surrounding trade area features a diverse population of more than 281,000 residents within three miles, a median household income of roughly $64,600, and a buying power exceeding $6 billion, creating a stable customer base for service-based and retail tenants. Nearby activity includes established neighborhood retail centers, professional services, education facilities, recreational amenities, and strong residential density, all contributing to consistent foot and vehicle traffic. With its combination of rare parking capacity, flexible space configuration, medical-compatible layout, excellent street exposure, and proximity to Van Nuys Airport, 16605 Sherman Way presents an exceptional opportunity for medical users, service-based operators, or investors seeking a stable, adaptable asset in a high-demand Western San Fernando Valley location.
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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16605 Sherman Way
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