Tremendous Upside for Buyer
7,440 Square Feet Total
18,297 Square Feet of Land
Zoned LAC1 & P1
Central Reseda Location
Paley Commercial Real Estate is proud to announce that 18746 Sherman Way has sold. The property consists of two (2) freestanding buildings on a large lot with excellent parking. The building on the east portion of the property is a former Auto Parts Store with high ceilings and a roll-up door in the rear. The building on the west portion has four (4) automotive bays, two (2) of which have pits, and also includes an office and retail portion. The property is located in the heart of the San Fernando Valley on busy Sherman Way between Reseda Boulevard and Wilbur Avenue with easy access to the 101 Freeway and within close proximity to retail and restaurants.
Paley Real Estate represented both sides in this particular transaction. The Seller had a very short time table to get the deal done to complete a 1031 exchange, but Paley Commercial was able to find an extremely qualified all cash Buyer who was able to complete the transaction in just 30 days. After owning the property for many years the Seller was extremely pleased with how quickly Paley Commercial was able to close the sale.
The Buyer has already began improving the property, starting with the East building. After he completes renovation on 18742 Sherman Way, he plans to put the building up “For Lease.” The two story 4,000 square foot building is ideal for either retail, office, or a combination.
For more information on this sale or our services, contact Paley Commercial Real Estate Brokers-San Fernando Valley and ask for Jon or Camille Paley.