Transaction Details
Sold
Rare Box Retail Building
24,000 Square Foot Building
5 per 1,000 Parking Ratio
60,000 Square Feet of Land
Rear R-3 Zoned for Apartments
Sale Price: $5,815,000.00
The Seller for this Sherman Way retail hired Paley Commercial Real Estate after long-time tenant, Fallas Paredes, vacated the building. Jon Paley advised the Seller to list the property “For Sale” as the property was best suited for an Owner-User. Shortly after, Jon was able to procure a qualified buyer who already owned and operated several grocery stores in the Los Angeles area. The large open space, abundant parking, and rear storage space with roll-up door made 21035 Sherman Way an ideal space for the Buyer’s third location. The Buyer was able to secure a SBA loan and close the deal within 90 days.
Paley Real Estate has negotiated countless transactions and leases in Canoga Park. If you are an Owner and have recently had a crucial income producing tenant vacate your property or have a significant vacancy, it is time to reevaluate the future of your asset. Let Jon Paley and Paley Commercial Real Estate step in to guide you on making the best decision for your commercial property. Contact us today for a free property evaluation.