14522 Ventura Blvd.
14522 Ventura Blvd. Sherman Oaks, CA 91403
Table of Contents 1
Property Overview
2
Sales Comparables
3
Lease Comparables
4
Traffic Counts/Demographics
5
Financial Analysis
1
14522 Ventura Blvd. Sherman Oaks, CA 91403
Property Overview
3 2
14522 Ventura Blvd. Sherman Oaks, CA 91403
Property Description Prime inline retail location in the heart of The Village at Sherman Oaks. 2,120 SF building consisting of 3 retail storefronts on the south side of Ventura Blvd. Rear alley parking with 6 spaces. High visibility and foot traffic.
Price/Bldg. SF
$943.35
Leasable Area
2,120 SF
Price/Land SF
$416.47
Lot Size
4,802 SF
CAP Rate
4.06%
Year Built
1938
3
14522 Ventura Blvd. Sherman Oaks, CA 91403
Location Overview
S
4
14522 Ventura Blvd. Sherman Oaks, CA 91403
Location Description Located on the south side of Ventura Blvd, just west of Van Nuys Blvd. Metered street parking on Ventura Blvd, with heavy foot traffic. Very close to Crave Café, Urban
Outfitters, Juice Crafters, Pink Cheeks Skin Salon, & Sherman Oaks Newsstand. Easy freeway access to 101 and 405.
5
14522 Ventura Blvd. Sherman Oaks, CA 91403
Additional Photos
6
14522 Ventura Blvd. Sherman Oaks, CA 91403
Sales Comparables
7
14522 Ventura Blvd. Sherman Oaks, CA 91403
Sales Comparables - Overview
3
2
S 1
S. No
Address
Sale Price
Price/SF
S
14522 Ventura Blvd.
$1,999,900
$943.35
1
12191 Ventura Blvd.
$1,420,000
$857.49
2
14948 Ventura Blvd.
$1,900,000
$791.67
3
15626 Ventura Blvd.
$2,510,000
$942.55
8
9
14522 Ventura Blvd. Sherman Oaks, CA 91403
Sales Comparable 1 12192 Ventura Blvd.
Notes
• Similar to subject
Studio City, CA 91604 Closing Date
11/06/13
Building Size
1,656 SF
Lot Size
2,614 SF
• Inline storefront location • South side of Ventura
Year Built
1938
Blvd, west of Laurel
Property Type
Retail
Canyon
Tenancy
Multi
Sale Price Parking
$1,420,000 3.02/1000 SF
Price/SF Bldg.
$857.49
Price/SF Lot
$543.31
• LAC2 Zoning, 5 parking spaces
9
14522 Ventura Blvd. Sherman Oaks, CA 91403
Sales Comparable 2 14948 Ventura Blvd.
Notes
• Superior to subject
Sherman Oaks, CA 91403 Closing Date
09/25/13
• Stand alone retail
Building Size
2,400 SF
storefront building
Lot Size
10,498 SF
Year Built
1950
Property Type
Retail
Tenancy
Single
Sale Price Parking
$1,900,000 6.77/1000 SF
Price/SF Bldg.
$791.67
Price/SF Lot
$180.99
• Curb cut on Ventura for parking in rear with 16 space • 74 ft. street frontage, single tenant.
10
14522 Ventura Blvd. Sherman Oaks, CA 91403
Sales Comparable 3 15626 Ventura Blvd.
Notes
• Superior signalized corner
Encino, CA 91436
location
Closing Date
06/30/14
Building Size
2,663 SF
• 76 ft. frontage on Ventura
Lot Size
14,945 SF
• 21 parking spaces
Year Built
1979
Property Type
Retail
Tenancy
Single
Sale Price Parking
$2,510,000 6.01/1000 SF
• Single tenant • LAC4 Zoning
Price/SF Bldg.
$942.55
• 3.8% cap rate
Price/SF Lot
$167.94
• 1031 exchange transaction
11
14522 Ventura Blvd. Sherman Oaks, CA 91403
Lease Comparables
12
14522 Ventura Blvd. Sherman Oaks, CA 91403
Lease Comparables- Overview
2
1 3
S. No
Address
Available Space
Rent/SF
1
14518 Ventura Blvd.
1.500 SF
$2.60
2
15222 Ventura Blvd.
3,500 SF
$2.75
3
13335 Ventura Blvd.
4,120 SF
$2.50
13
14522 Ventura Blvd. Sherman Oaks, CA 91403
LeaseComparable 1 Notes
14518 Ventura Blvd.
• Next door to subject
Sherman Oaks, CA 91403
Building Size
3,000 SF
Lot Size
4,802 SF
Property Type Property Sub-Type
Retail Street Retail
SF Available
1,500 SF
Rent/Month
$2.60/SF
Lease Type
Modified Gross
• Similar in-line storefront location with wood floors and mezzanine • Newer brushed aluminum floor to ceiling windows • New a/c • Parking in rear.
14
14522 Ventura Blvd. Sherman Oaks, CA 91403
LeaseComparable 2 Notes
15222 Ventura Blvd.
• Brand new mixed use
Sherman Oaks, CA 91403
Building Size
74,000 SF
Lot Size
21,000 SF
Property Type Property Sub-Type
Retail Street Retail
SF Available
3,500 SF
Rent/Month
$2.75/SF
Lease Type
NNN
development • Free parking spaces • Near Sepulveda
15
14522 Ventura Blvd. Sherman Oaks, CA 91403
LeaseComparable 3 Notes
13335 Ventura Blvd.
• Inferior to subject
Sherman Oaks, CA 91423
Building Size
4,120 SF
Lot Size
4,741 SF
Property Type Property Sub-Type
Retail Street Retail
SF Available
4,120 SF
Rent/Month
$2.50/SF
Lease Type
NNN
• Located north side of Ventura Blvd • In-line storefront (similar to subject) • Single tenant retail use
16
14522 Ventura Blvd. Sherman Oaks, CA 91403
Traffic Counts/ Demographics
17
14522 Ventura Blvd. Sherman Oaks, CA 91403
Demographics and Traffic Count •
TRAFFIC COUNT on Ventura Blvd/Vesper Ave: 40,469
•
TRAFFIC COUNT on Ventura Blvd/Van Nuys Blvd: 35,685
1 Mile
3 Mile
5 Mile
Population (daytime):
29,234
173,905
504,688
Total Businesses::
22,642
95,310
216,892
Average HH Income:
$96,726
$98,728
$86,380
18
14522 Ventura Blvd. Sherman Oaks, CA 91403
Financial Analysis
19
14522 Ventura Blvd. Sherman Oaks, CA 91403
Rent Roll
20
14522 Ventura Blvd. Sherman Oaks, CA 91403
Financial Analysis
21
14522 Ventura Blvd. Sherman Oaks, CA 91403
Presented By:
700 S. Flower St. Suite 2920 Los Angeles, CA 90017 Tel: 213.802.0300 rosanopartners.com
22
Table of Contents 1
Property Overview
2
Sales Comparables
3
Lease Comparables
4
Traffic Counts/Demographics
5
Financial Analysis
1
14522 Ventura Blvd. Sherman Oaks, CA 91403
Property Overview
3 2
14522 Ventura Blvd. Sherman Oaks, CA 91403
Property Description Prime inline retail location in the heart of The Village at Sherman Oaks. 2,120 SF building consisting of 3 retail storefronts on the south side of Ventura Blvd. Rear alley parking with 6 spaces. High visibility and foot traffic.
Price/Bldg. SF
$943.35
Leasable Area
2,120 SF
Price/Land SF
$416.47
Lot Size
4,802 SF
CAP Rate
4.06%
Year Built
1938
3
14522 Ventura Blvd. Sherman Oaks, CA 91403
Location Overview
S
4
14522 Ventura Blvd. Sherman Oaks, CA 91403
Location Description Located on the south side of Ventura Blvd, just west of Van Nuys Blvd. Metered street parking on Ventura Blvd, with heavy foot traffic. Very close to Crave Café, Urban
Outfitters, Juice Crafters, Pink Cheeks Skin Salon, & Sherman Oaks Newsstand. Easy freeway access to 101 and 405.
5
14522 Ventura Blvd. Sherman Oaks, CA 91403
Additional Photos
6
14522 Ventura Blvd. Sherman Oaks, CA 91403
Sales Comparables
7
14522 Ventura Blvd. Sherman Oaks, CA 91403
Sales Comparables - Overview
3
2
S 1
S. No
Address
Sale Price
Price/SF
S
14522 Ventura Blvd.
$1,999,900
$943.35
1
12191 Ventura Blvd.
$1,420,000
$857.49
2
14948 Ventura Blvd.
$1,900,000
$791.67
3
15626 Ventura Blvd.
$2,510,000
$942.55
8
9
14522 Ventura Blvd. Sherman Oaks, CA 91403
Sales Comparable 1 12192 Ventura Blvd.
Notes
• Similar to subject
Studio City, CA 91604 Closing Date
11/06/13
Building Size
1,656 SF
Lot Size
2,614 SF
• Inline storefront location • South side of Ventura
Year Built
1938
Blvd, west of Laurel
Property Type
Retail
Canyon
Tenancy
Multi
Sale Price Parking
$1,420,000 3.02/1000 SF
Price/SF Bldg.
$857.49
Price/SF Lot
$543.31
• LAC2 Zoning, 5 parking spaces
9
14522 Ventura Blvd. Sherman Oaks, CA 91403
Sales Comparable 2 14948 Ventura Blvd.
Notes
• Superior to subject
Sherman Oaks, CA 91403 Closing Date
09/25/13
• Stand alone retail
Building Size
2,400 SF
storefront building
Lot Size
10,498 SF
Year Built
1950
Property Type
Retail
Tenancy
Single
Sale Price Parking
$1,900,000 6.77/1000 SF
Price/SF Bldg.
$791.67
Price/SF Lot
$180.99
• Curb cut on Ventura for parking in rear with 16 space • 74 ft. street frontage, single tenant.
10
14522 Ventura Blvd. Sherman Oaks, CA 91403
Sales Comparable 3 15626 Ventura Blvd.
Notes
• Superior signalized corner
Encino, CA 91436
location
Closing Date
06/30/14
Building Size
2,663 SF
• 76 ft. frontage on Ventura
Lot Size
14,945 SF
• 21 parking spaces
Year Built
1979
Property Type
Retail
Tenancy
Single
Sale Price Parking
$2,510,000 6.01/1000 SF
• Single tenant • LAC4 Zoning
Price/SF Bldg.
$942.55
• 3.8% cap rate
Price/SF Lot
$167.94
• 1031 exchange transaction
11
14522 Ventura Blvd. Sherman Oaks, CA 91403
Lease Comparables
12
14522 Ventura Blvd. Sherman Oaks, CA 91403
Lease Comparables- Overview
2
1 3
S. No
Address
Available Space
Rent/SF
1
14518 Ventura Blvd.
1.500 SF
$2.60
2
15222 Ventura Blvd.
3,500 SF
$2.75
3
13335 Ventura Blvd.
4,120 SF
$2.50
13
14522 Ventura Blvd. Sherman Oaks, CA 91403
LeaseComparable 1 Notes
14518 Ventura Blvd.
• Next door to subject
Sherman Oaks, CA 91403
Building Size
3,000 SF
Lot Size
4,802 SF
Property Type Property Sub-Type
Retail Street Retail
SF Available
1,500 SF
Rent/Month
$2.60/SF
Lease Type
Modified Gross
• Similar in-line storefront location with wood floors and mezzanine • Newer brushed aluminum floor to ceiling windows • New a/c • Parking in rear.
14
14522 Ventura Blvd. Sherman Oaks, CA 91403
LeaseComparable 2 Notes
15222 Ventura Blvd.
• Brand new mixed use
Sherman Oaks, CA 91403
Building Size
74,000 SF
Lot Size
21,000 SF
Property Type Property Sub-Type
Retail Street Retail
SF Available
3,500 SF
Rent/Month
$2.75/SF
Lease Type
NNN
development • Free parking spaces • Near Sepulveda
15
14522 Ventura Blvd. Sherman Oaks, CA 91403
LeaseComparable 3 Notes
13335 Ventura Blvd.
• Inferior to subject
Sherman Oaks, CA 91423
Building Size
4,120 SF
Lot Size
4,741 SF
Property Type Property Sub-Type
Retail Street Retail
SF Available
4,120 SF
Rent/Month
$2.50/SF
Lease Type
NNN
• Located north side of Ventura Blvd • In-line storefront (similar to subject) • Single tenant retail use
16
14522 Ventura Blvd. Sherman Oaks, CA 91403
Traffic Counts/ Demographics
17
14522 Ventura Blvd. Sherman Oaks, CA 91403
Demographics and Traffic Count •
TRAFFIC COUNT on Ventura Blvd/Vesper Ave: 40,469
•
TRAFFIC COUNT on Ventura Blvd/Van Nuys Blvd: 35,685
1 Mile
3 Mile
5 Mile
Population (daytime):
29,234
173,905
504,688
Total Businesses::
22,642
95,310
216,892
Average HH Income:
$96,726
$98,728
$86,380
18
14522 Ventura Blvd. Sherman Oaks, CA 91403
Financial Analysis
19
14522 Ventura Blvd. Sherman Oaks, CA 91403
Rent Roll
20
14522 Ventura Blvd. Sherman Oaks, CA 91403
Financial Analysis
21
14522 Ventura Blvd. Sherman Oaks, CA 91403
Presented By:
700 S. Flower St. Suite 2920 Los Angeles, CA 90017 Tel: 213.802.0300 rosanopartners.com
22
