Commercial Real Estate in Van Nuys available for sale
Van Nuys Commercial Kitchens For Sale

Commercial Kitchens for Sale in Van Nuys, CA, USA

More details for 13020-13026 Sherman Way, North Hollywood, CA - Retail for Sale

13020-13026 Sherman Way

North Hollywood, CA 91605

  • Commercial Kitchen
  • Retail for Sale
  • $5,838,182 CAD
  • 9,000 SF

North Hollywood Retail for Sale

Owner-User and/or Investment Opportunity The property is 100% occupied with three tenants generating $21,440/month in gross income. All three tenants — Kidz Kingdom, Van Bakery, and SimpleFloors — have been operating at this location since before 2008. These are seasoned operators with over 15 years of continuous tenancy at this address. Van Bakery has a fully built-out commercial kitchen. Two of the three tenants are month-to-month; Van Bakery holds an active lease through 3/1/2028. All rents are below market and are structured as gross leases — the owner is currently absorbing all operating expenses. Leases reserve the right to pass through NNN/operating expenses to tenants, representing additional income upside for a new owner. Seller financing is available — contact broker for terms. Two of the three tenants are month-to-month, creating a clear path for an owner-user to occupy 51% or more of the building and access SBA financing with as little as 10% down. For an investor, the property generates day-one income at 100% occupancy with an in-place cap rate of 3.48%* and a proforma cap rate of 5.42%‡ if the investor passes 100% of operating expenses to tenants (NNN) following a $100K renovation. Occupy Kidz Kingdom (5,294 SF / 58.82%) and qualify for SBA 504 or 7(a) financing with as little as 10% down ($419,500). Remaining two tenants generate $9,540/month in rental income day one. • Gross annual income per owner’s 2025 P&L: $244,880 • Seller financing available (Contact Broker for Guidance on Terms) • Loan may be assumable (Seller needs to check with Lender) • Seller is not charging operating expenses • Kidz Kingdom is paying $2.24/psf/mo. (gross) • Van Bakery is paying $2.89/psf/mo. (gross) • Simple floors is paying $2.17/psf/mo. (gross) • UPSIDE: Seller is not charging nnn & rents are below market. Leases reserve the right to pass through triple nets.

Contact:

NAI Capital

Property Subtype:

Freestanding

Date on Market:

2024-11-19

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More details for 13311 Sherman Way, North Hollywood, CA - Industrial for Sale

13311 Sherman Way

North Hollywood, CA 91605

  • Commercial Kitchen
  • Industrial for Sale
  • $11,064,015 CAD
  • 21,784 SF
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Commercial Kitchen for Sale within 10 kilometers of Van Nuys, CA, USA

Commercial Kitchens For Sale

Commercial Kitchens

Commercial kitchens are a major investment and finding the right one for your business can be challenging. With so many options out there for industrial kitchens, it can seem overwhelming to find something that is within your budget and matches your needs. With our vast inventory of listings across the country, you're sure to find what you need! Here's a few things we think you should consider when choosing a commercial kitchen:

  • Location- Do you want to have easy access from public transportation and urban settings with lots of amenities nearby or do you prefer more suburban areas with less people around? All these details need consideration before choosing where exactly is best for this specific type of business venture
  • Size - Does your space offer limitations on dimensions? What about parking spaces or loading docks? These all play an important role in determining how big your kitchen will be.
  • Parking - Many people don't think about this, but if you're buying a commercial kitchen and there's no place to park for your employees or customers then it could be problematic. The easiest way around that is finding an area with ample parking options so everyone has easy access.
  • Construction- Do you need something more modern or traditional.

When would you need a commercial kitchen instead of a ghost kitchen?

A commercial kitchen is typically large and equipped to handle the cooking needs of a restaurant or food service business, while a ghost kitchen is a smaller kitchen that specializes in delivery-only or take-out food. Commercial kitchens usually have multiple ovens, stoves, and other cooking appliances, while ghost kitchens may only have one or two. Commercial kitchens also typically have dishwashing stations and walk-in coolers or freezers, while ghost kitchens may not.

So, if you are starting a restaurant or food service business, you will likely need a commercial kitchen. If you are only focused on delivery or take-out, a ghost kitchen may be a better option.

  • Commercial kitchens are usually found in restaurants, while ghost kitchens are not open to the public.
  • Commercial kitchens typically have a wider range of equipment and staff, while ghost kitchens may have more limited resources.
  • Commercial kitchens usually need to meet health department standards, while ghost kitchens may not be held to the same regulations.
  • Commercial kitchens typically have higher volume and turnover, while ghost kitchens may have less business.
  • Commercial kitchens typically have higher overhead costs, while ghost kitchens may have lower operating costs.

Looking to lease a Commercial Kitchen? View Commercial Kitchens for lease