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INVESTMENT HIGHLIGHTS
- 3 Contiguous Parcels Totaling ±19,160 SF on a ±65,000 SF Lot
- $248 PPSF | 5.4% Cap Rate
- 80+ Surface Parking Spaces
- Can be Purchased as a Portfolio or Separately
- 4 Total Buildings
- Prime Location | High Traffic Area
EXECUTIVE SUMMARY
21012–21034 Sherman Way comprises an automotive service center of four commercial buildings on three contiguous parcels. 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, 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 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. It appears that Nationwide Auto Exchange has a permit from South Coast AQMD and the city to conduct spray painting (spray booth).
21034 Sherman Way encompasses a 4,212 SF auto repair garage on a 14,049 SF lot with 4 bays, an office, 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.
DO NOT DISTURB TENANTS. Call Listing Agents for more information. Email offers to david@swgrp.com & megan@swgrp.com. The property is to being sold in "as is" "where is" condition with all faults, known and unknown, with absolutely no representations or warranties, expressed or implied, by Seller and/or Sellers Agents. Seller and/or seller's agent makes no representations, Buyer to verify all information provided with appropriate entities and satisfy self. Probate Sale, No Court Confirmation Required.
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 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. It appears that Nationwide Auto Exchange has a permit from South Coast AQMD and the city to conduct spray painting (spray booth).
21034 Sherman Way encompasses a 4,212 SF auto repair garage on a 14,049 SF lot with 4 bays, an office, 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.
DO NOT DISTURB TENANTS. Call Listing Agents for more information. Email offers to david@swgrp.com & megan@swgrp.com. The property is to being sold in "as is" "where is" condition with all faults, known and unknown, with absolutely no representations or warranties, expressed or implied, by Seller and/or Sellers Agents. Seller and/or seller's agent makes no representations, Buyer to verify all information provided with appropriate entities and satisfy self. Probate Sale, No Court Confirmation Required.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $6,539,705 CAD | Number of Properties | 3 |
| Price / SF | $341.32 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.40% | Total Building Size | 19,160 SF |
| Sale Type | Investment or Owner User | Total Land Area | 1.50 AC |
| Status | Escrow |
| Price | $6,539,705 CAD |
| Price / SF | $341.32 CAD / SF |
| Cap Rate | 5.40% |
| Sale Type | Investment or Owner User |
| Status | Escrow |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 19,160 SF |
| Total Land Area | 1.50 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 21012 Sherman Way, Canoga Park, CA 91303 | Retail | 10,000 SF | 1963 | - |
| 21024 Sherman Way, Canoga Park, CA 91303 | Retail | 4,948 SF | 1963 | - |
| 21034 Sherman Way, Canoga Park, CA 91303 | Retail | 4,212 SF | 1960 | - |
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