21606 Sherman Way

Investment Highlights

1st Floor 2,400 sq ft retail/restaurant 2nd Floor 2,100 sq ft office Grease Trap , Kitchen bar , Storage Includes 2 parking spaces Converted storage b

Executive Summary

Property 21608, located in the vibrant heart of Canoga Park, offers a compelling investment opportunity. Its strategic position near the Topanga Westfield Mall and within the bustling Canoga New Art District ensures a steady flow of potential customers, drawn by renowned retail outlets and dining establishments. Additionally, participation in the JEDI ZONE Business Incentive program promises increased foot traffic, fueled by anticipated events such as the Madrid Theater reconstruction and frequent farmers markets. This primes the property for success, with heightened visibility and a bustling atmosphere conducive to various business ventures. 1st Floor 2,400 sq ftRetail/Restaurant2nd Floor 2,100 sq ft officeGrease Trap , Kitchen bar , StorageIncludes 2 parking spacesConverted storage bin(AC/ELECTRIC)

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Restaurant General Retail Storefront Office Industrial Live Work Unit Storefront Retail/Office
• Building Size    4,500
• Building Class    C
• Year Built/Renovated    1926/1965
• Price    1,899,999
• Price Per SF    422
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Slab To Slab    10?
• Building FAR    1.72
• Land Acres    0.06 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Signage