4537-4541 Van Nuys Blvd
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4537-4541 Van Nuys Blvd
4,563 SF Retail Building Sherman Oaks, CA 91403 $3,315,000 ($726/SF) 5.25% Cap Rate
Investment Highlights
- New 10-year lease extension from Romantix with annual increases
- High Barrier to Entry Submarket of Los Angeles
- Single Tenant NNN Asset
- Densely populated area
Executive Summary
The Subject Property is +4,563 square feet of net-leased storefront retail space on a +7,514 square foot lot, prominently located in Sherman Oaks, CA. It is currently under a long-term, NNN lease to Romantix.
Positioned along Van Nuys Boulevard between the 101 Freeway and Ventura Boulevard, the property benefits from significant exposure to vehicular traffic, with an average car count of 55,190 cars per day moving north and south. This location is further enhanced by its proximity to a high-traffic, grocery-anchored shopping center directly across the street, ensuring consistent consumer footfall. The property includes onsite parking for eight vehicles, in addition to one designated handicapped parking space, catering to customer convenience and accessibility.
Positioned along Van Nuys Boulevard between the 101 Freeway and Ventura Boulevard, the property benefits from significant exposure to vehicular traffic, with an average car count of 55,190 cars per day moving north and south. This location is further enhanced by its proximity to a high-traffic, grocery-anchored shopping center directly across the street, ensuring consistent consumer footfall. The property includes onsite parking for eight vehicles, in addition to one designated handicapped parking space, catering to customer convenience and accessibility.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,563 SF
Building Class
C
Year Built
1956
Price
$3,315,000
Price Per SF
$726
Cap Rate
5.25%
NOI
$174,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.18 AC
Zoning
C2 - Commercial
Parking
9 Spaces (1.97 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $457,254 | |
| Land Assessment | $1,066,930 | Total Assessment | $1,524,184 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,066,930
Improvements Assessment
$457,254
Total Assessment
$1,524,184
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4537-4541 Van Nuys Blvd
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