Updated Jun 20, 2025
Sherman Way 26 Properties LLC Acquires Retail Center In Van Nuys For $11.39M
14434 Sherman Way
$11,390,000
$622/SF
Building Size
18,300 SF
Asset Type
Retail
Closing
Jun 20, 2025
About this deal
AI
A two-tenant retail center located at 14434-14480 Sherman Way in Van Nuys has been sold for $11,390,000. The property encompasses 18,300 square feet and is situated on 1.2 acres. It is currently fully leased, with tenants including a national healthcare provider and El Gallo Giro.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,390,000
- Square Footage: 18,300
- Price Per Square Foot: $622
- Address: 14434-14480 Sherman Way
- Market: Van Nuys
- Buyer: Sherman Way 26 Properties LLC
- Seller: Duckhorn Partners, LP
- Brokers: Alex Kozakov & Patrick Wade - CBRE
The transaction involved Alex Kozakov and Patrick Wade representing Duckhorn Partners, LP, the seller of the property. The dual representation by CBRE facilitated the sale to Sherman Way 26 Properties LLC, ensuring the property’s occupancy by trusted tenants.
On the Map
$11,390,000
$622/SF
Retail
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Players
Van Nuys Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93