CA > Canoga Park
Canoga Park, CA 91303,21012 Sherman WAY
Canoga Park, CA 91303,21012 Sherman WAY
Canoga Park, CA 91303,21012 Sherman WAY
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,750,000
Est. payment /mo
1.5 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25573261

HOA Y/N No

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

Interior

Fireplace No

Exterior

Community Features Gated

Total Parking Spaces 89

Building

Lot Description Rectangular Lot

Story 2

Others

Tax ID 2112030023

Security Features Gated Community

Special Listing Condition Probate Listing

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CRMLS – RECore
Listed by David Weinberger Keller Williams Studio City

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