O’Reilly Strip Center | Canoga Park, CA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 16,000 SF O’Reilly Strip Center Located at 21061 Sherman Way in Canoga Park, CA. The Property is 100% Occupied, Anchored By O’Reilly Auto Parts Until 2028 (Occupied Since 1998). Canoga Park Plaza Offers a Value-Add Component By Bringing Rents to Market and Passing Through NNN That Are Currently Not Being Collected. The Property is Located at the Lighted Intersection of Sherman Way and Variel Avenue (Over 40,000 VPD), Near the West Hills of San Fernando Valley, CA.
- 100% Occupied, National Anchored, Value-Add Opportunity
- Anchored By O’Reilly’s, Occupied Since 1998 With Lease Term to 2028 and Options to 2038
- Adjacent to CVS and Service Oriented 100,000 SF Shopping Center
- Well Below Market Rents (Costar: $30/SF and Subject Property Averages $20.34/SF)
- Dense Urban Location Offers 211,707 Population and $104,067 Average Household Income (3-Mile)
- Located 1.4-Miles From Pierce College Woodland Hills (20,506 Students Enrolled) and Canoga Park HS (1439 Students)
- Robust Employment Base Offers 110,185 Employees, 23.9M Square Feet of Industrial and 13.9M Square Feet of Office Space Within 3- Miles of the Site
- Significant Redevelopment Occurring in the Area with 11 New Major Developments in the Valley: Developers Will Build Thousands of New Units of Housing, Create Open Space, Bring in New Retailers, and Build New Offices, Creating Mini Villages Within Neighborhoods
- Strong Performing O’Reilly Auto Parts- Ranking in the Top 4% in the Nation (Source: Placer.ai).
In Cooperation With Sands Investment Group, Inc – Lic. #1768950
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