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16119 Sherman Way
3,500 SF of Retail Space Available in Van Nuys, CA 91406
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,500 SF | 1-3 Years | $33.00 /SF/YR $2.75 /SF/MO $355.21 /m²/YR $29.60 /m²/MO $9,625 /MO $115,500 /YR | Triple Net (NNN) |
1st Floor
The property located at 16119 Sherman Way, Van Nuys, CA 91406 offers a spacious 3,500 +/- square feet of commercial space for lease. The rental rate is $2.75 per square foot, with an additional NNN fee of $0.30. The space is immediately available for occupancy, and it comes with three reserved parking spaces along with ample street parking. Key features of the property include easy access to the 405 Freeway, an excellent location on the busy Sherman Way, and proximity to the signalized corner of Sherman Way & Woodley Ave. The site is conveniently located across from Vallarta’s, the Van Nuys Airport, and a high density of apartments. Additionally, there is rear alley access and the space was previously used as a market, featuring an existing hood.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Easy access to the 405 freeway
- Rear Alley Access
- Excellent location on busy Sherman Way
- Near Signalized Corner Sherman Way & Woodley Ave
- Former Market – existing hood
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 16119 Sherman Way , Van Nuys, CA 91406
| Property Type | Retail | Year Built | 1954 |
| Property Subtype | Freestanding | Parking Ratio | 0.95/1,000 SF |
| Gross Leasable Area | 5,281 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 5,281 SF |
| Year Built | 1954 |
| Parking Ratio | 0.95/1,000 SF |
About the Property
*Easy access to the 405 freeway *Excellent location on busy Sherman Way *Near Signalized Corner Sherman Way & Woodley Ave. *Across from Vallarta's, Van Nuys Airport and High Density of Apartments *Rear Alley Access *Former Market - existing hood
- Signage
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Richard Paley -
Howard Bass -
Paley Commercial Real Estate, Inc.
Presented by
16119 Sherman Way
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