**Private Investor Acquires Triple-Net Retail Property in Van Nuys for $11.39M**
CBRE has arranged the $11.39 million sale of an 18,296-square-foot, two-tenant retail property in Van Nuys, California. The buyer, Sherman Way 26 Properties, LLC, is a local private investor. The transaction was facilitated by CBRE representatives Alex Kozakov and Pat Wade, on behalf of the seller, Duckhorn Partners, LP.
Located at 14434-14480 Sherman Way, the property spans 1.21 acres and includes two freestanding buildings constructed in 1995, along with 70 dedicated parking spaces. The site is fully leased to a national healthcare provider and El Gallo Giro, a well-established regional restaurant chain, both under long-term triple net (NNN) lease agreements.
Strategically positioned at the high-traffic intersection of Van Nuys Boulevard and Sherman Way, the property experiences daily vehicle counts exceeding 86,800. The surrounding neighborhood is densely populated, with over 328,000 residents living within a three-mile radius.
“There is strong demand and premium pricing for prime locations with high barriers to entry and an established tenancy,” said Alex Kozakov of CBRE.
This acquisition highlights continued investor interest in stabilized retail assets in core infill locations with long-term lease security.
