21012 Sherman WAY new Save Request In-Person Tour Request Virtual Tour
Canoga Park,CA 91303
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25573261
Year Built 1962
Lot Size 1.496 Acres
Property Description
21012-21034 Sherman Way comprises an automotive service center of four commercial buildings on three contiguous parcels. The Properties can be purchased as a portfolio for $4,750,000 or individually (Individual offering prices listed below). 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, permitted 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 (offered individually for $3,000,000) 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. 21034 Sherman Way (Offered $1,750,000) encompasses a 4,212 SF auto repair garage on a 14,049 SF lot with 4 bays, an office, permitted 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.
Location
State CA
County Los Angeles
Area Cp - Canoga Park
Zoning LAC2
Exterior
Community Features Gated
Building
Lot Description Rectangular Lot
Story 2
Others
Special Listing Condition Probate Listing