Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2007
Building Area Gross
Occupancy 96.0 %

Property description

JLL is pleased to offer the opportunity to acquire 21355 Sherman Way (the “Property”), a 20,310 square-foot strip center in Canoga Park, CA. Delivered in 2007, the 96% leased center provides stable cash flows with strong national tenancy from the likes of Starbucks and Speedy Cash. Strategically

located in an opportunity zone on the hard corner of heavily-trafficked Sherman Way and Canoga Avenue, the Property offers excellent visibility to over 67,000 VPD with 700 feet of building frontage. Current LAM1 zoning (Light Manufacturing) allows for a mix of commercial and industrial uses. A

proposed zoning change to Neighborhood Center is projected to allow for a mix of residential and commercial uses with an allowable FAR of up to 4.0. 21355 Sherman Way offers investors the chance to acquire a highly stable strip center in a dense, infill area with future upside potential.

Investment highlights

  • EXCELLENT VISIBILITY AND ACCESS


  • TRANSIT ORIENTED DEVELOPMENT OPPORTUNITY


  • HIGH BARRIERS TO ENTRY


  • STRONG DEMOGRAPHICS


  • DENSE AND GROWING POPULATION


  • PROXIMATE TO MAJOR EMPLOYERS


  • UNENCUMBERED ASSET


  • OPPORTUNITY & ENTERPRISE ZONE


  • WARNER CENTER 2035 PLAN
Last Updated Date: 04 Apr 2022

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Last Updated Date: 04 Apr 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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