A Burlington store located at 14651 Ventura Blvd. in Sherman Oaks has traded hands, with Marcus & Millichap arranging the transaction on behalf of the parties. The property, described as a locally owned and operated Burlington store, sold for $11,225,000. The asset is positioned along Ventura Boulevard in the heart of Sherman Oaks, a corridor known in the area for its concentration of retail activity and proximity to major commercial destinations.
According to Marcus & Millichap, the Burlington store operates in a submarket that continues to draw investor attention. The firm noted that Sherman Oaks remains a highly sought-after retail market, pointing to the area’s strong demographics, an established consumer base and its strategic location within the San Fernando Valley. Those attributes were cited as key factors underpinning investor interest in this single-tenant retail asset.
Lior Regenstreif, executive managing director investments and an investment specialist in Marcus & Millichap’s Encino office, was involved in the transaction. Regenstreif procured the buyer, described as a local private investor. SRS represented the seller in the sale. The combination of representation on both sides underscores the role of institutional brokerage platforms in matching private capital with stabilized, income-producing retail properties.
Regenstreif highlighted the property’s structure and location as central to its investment appeal. The building is leased to a single tenant on a net-leased basis, a format that can streamline operations and expense allocation for ownership. Its prominent Ventura Boulevard frontage further enhances visibility and access, which can be important considerations for both retailers and investors focusing on street-retail and big-box formats.
The Burlington store was built in 1999 and totals 24,890 square feet. The single-tenant building sits on a 0.79-acre parcel, providing a relatively large footprint for a retail user within this established commercial corridor. Marcus & Millichap noted that the location benefits from convenient access to the Sherman Oaks Galleria and Westfield Fashion Square, connecting the property to two of the area’s key retail and entertainment hubs.
In addition to its adjacency to major shopping centers, the property offers connectivity to major freeways serving the San Fernando Valley. The surrounding area features a diverse mix of retail, dining and entertainment amenities, which can support consistent customer traffic to the Burlington store. These factors, together with the property’s single-tenant net-leased structure, were cited as elements that contributed to the asset being viewed as an attractive investment opportunity at the time of sale.
