4367 WOODMAN AVENUE
SHERMAN OAKS, CA 91423
PRICE
$3,950,000
BUILDING SIZE
8,325 SF
LOT SIZE
11,117 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
4.48%
$474
$355
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 4367 Woodman Avenue, an 8,325 square foot two-story strip center situated on 0.25 acres of land (11,117 SF) ideally located at the SW signalized corner of Woodman Avenue and Moorpark Street, less than 0.2 miles north of Ventura Boulevard, in Sherman Oaks, CA
4367 Woodman Avenue will be delivered 78.8% occupied. The property consists of two restaurants (one newly vacant), a personal trainer, and dry cleaner. The center’s four (4) units are comprised of three ground floor retail units and a single office/retail unit on the second floor. The ground floor retail units average 1,624 SF, ideal retail spaces that can appeal to a variety of uses.
The subject property is centrally positioned at the highly visible signalized corner of Woodman Avenue & Moorpark Street in Sherman Oaks, CA with approximately 80’ and 125’ feet of linear frontage, respectively.
The below market rents and short-term leases present a value-add investor with the opportunity to reposition the units with market rate tenants or re-sign market rate leases with the existing long-standing tenants as leases expire. Alternatively, an owner-user can occupy the newly vacant ground floor corner space, a former restaurant, for their own business.