5900 Sepulveda Blvd 78,237 SF 86% Leased Office Building Van Nuys, CA 91411 $21,684,026 CAD ($277.16 CAD/SF) 6.97% Cap Rate

Kidder Mathews is pleased to exclusively present the opportunity to acquire 5900 Sepulveda, a ±77,896 SF high-image professional office building prominently positioned along Sepulveda Boulevard, directly adjacent to the highly sought-after Sherman Oaks submarket in the central San Fernando Valley. The property is currently 91.7% leased to 32 tenants, providing stable in-place income supported by a diversified mix of professional, medical, legal, and service-oriented users. No tenant accounts for more than 10% of the building, and the average suite size of approximately 1,900 square feet promotes strong leasing velocity and tenant retention.
Originally constructed in 1981 and renovated in 2000, the five-story steel and concrete structure features a recently upgraded lobby, on-site cafe, EV charging stations, and a combination of surface and subterranean parking at a 3.0 per 1,000 square foot ratio, along with abundant non-metered street parking. The building benefits from over 200 feet of frontage along Sepulveda Boulevard, with more than 46,000 vehicles passing daily, offering exceptional visibility and identity within the submarket.
Positioned immediately adjacent to Sherman Oaks, one of the most desirable office submarkets in the San Fernando Valley, the property provides tenants with a high-quality alternative at a meaningful discount to comparable assets, supporting long-term occupancy and continued leasing demand. The central SFV has also seen growing migration of media and entertainment tenants into nearby Sherman Oaks, Encino, and North Hollywood, driven by proximity to major studios in Burbank and Hollywood.
In-place rents are well below competing properties, presenting a clear opportunity to increase revenue through mark-to-market as leases roll. With 6,438 square feet currently available, investors benefit from near-term leasing upside while maintaining strong day-one cash flow.
Offered at $15,950,000 ($205/SF), the property presents a compelling opportunity to acquire a well-located, high-occupancy office asset at a basis significantly below replacement cost, with durable income and meaningful upside potential as the market continues to recover.