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Sherman Square 7203 Van Nuys Blvd, Van Nuys, CA

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Sherman Square 7203 Van Nuys Blvd, Van Nuys, CA Sherman Square ™ 7203 Van Nuys Blvd | Van Nuys, CA Sherman Square | Van Nuys | California For More Information Contact: Michael Pakravan | Dir (310) 919-5737 I [email protected] Exclusive Leasing Agents CASEY MATTHEWS Associate, Retail Leasing [email protected] DIR (424) 217-7697 LIC # 02044976 MICHAEL PAKRAVAN SVP & National Director, Retail Leasing [email protected] DIR (310) 919-5737 LIC # 01706065 Van Nuys Blvd ±43,400 ATD Sherman Way ±43,400 ADT Table of Contents 04 The Space 05 The Location SHERMAN SQUARE 10 The Area Van Nuys Blvd ±43,400 ATD Sherman Way ±43,400 ADT SHERMAN SQUARE The Site Plan Space Vetrinary Clinic 14505 2nd Floor 7219 Van Nuys Blvd Van Luxury Nails - Coming Soon! Occupancy Available Occupied Sherman Way 7203 VAN NUYS BLVD | VAN NUYS, CA CA NUYS, | VAN BLVD NUYS 7203 VAN Space Available for Lease Address SF Floor Type Rate PSF 14505 14505 Sherman Way ± 1,120 1 Retail / Restaurant $3.50 + NNN 7219 7219 Van Nuys Blvd ± 2,789 2 Retail / Restaurant / Office $1.65 + NNN 4 Contact: Michael Pakravan | Dir (310) 919-5737 | [email protected] Property Highlights • High Visibility: Property offers tenants exceptional visibility and signage above storefront and on pole sign • Planned Cosmetic Upgrades: Buildings are going to be reskinned and parking lot is going to be rehabbed • New National/Regional Tenants: Dunkin’ Donuts, Jersey Mike’s, Honeyfish Poke, Papa John’s and Dos Burritos have recently signed leases and moved into the center Sherman Way • Spacious Parking Lot: There are ± 62 free surface spaces available at the center for patrons Van Nuys Blvd • Convenient Vehicle Access: Parking lot has vehicle access available on both Sherman Way and Van Nuys Blvd • Located within state enterprise zone • NNN: $0.60 PSF/Month Location Highlights • High Traffic Counts: Subject property is sited on a hard signalized corner • Dense Retail Corridor: Shadow anchored by Super King Markets and on Van Nuys Blvd, which sees ± 38,000 ADT, and Sherman Way, which sees Subway, adjacent to The Habit, and across the street from Walgreens, ± 42,000 ADT among several local and other national tenants • Superior Location: Surrounded by numerous new housing developments • Down the street from the Amtrak Metrolink Stop - Property is located less and residential buildings such as the newly completed IMT Sherman Circle, than 1 mile from the Van Nuys train station, which is an Amtrak Metrolink RHF West Valley Towers Apartments and Greenwood Square train station that serves the entire community Property Demographics HOUSEHOLDS 1-Mile 3-Mile 5-Mile 2022 Projection 15,145 111,916 259,997 POPULATION 1-Mile 3-Mile 5-Mile 2017 Estimate 14,528 107,451 249,455 2022 Projection 48,910 361,417 798,209 Growth 2017 - 2022 4.25% 4.16% 4.23% 2017 Estimate 46,998 346,924 766,519 INCOME 1-Mile 3-Mile 5-Mile Growth 2017 - 2022 4.07% 4.18% 4.13% 2017 Est. Average $56,325 $66,584 $81,502 Growth 2010 - 2017 4.74% 5.01% 4.88% Household Income Sherman Square | Van Nuys | California 5 SHERMAN SQUARE 6 Contact: Michael Pakravan | Dir (310) 919-5737 | [email protected] Potential 2nd Floor Restaurant/Lounge Sherman Square | Van Nuys | California 7 The Location 7203 VAN NUYS BLVD | VAN NUYS, CA CA NUYS, | VAN BLVD NUYS 7203 VAN 8 Contact: Michael Pakravan | Dir (310) 919-5737 | [email protected] The Plant Shopping Center Panorama High School Van Nuys Amtrak Metrolink Greenwood Square (132 Town Homes) Azalea - Richmond American Homes (63 Townhomes) Subject Property RHF West Valley IMT Sherman Circle Towers Apartments (350 Apartment Units) (97 Units) Sherman Square | Van Nuys | California 9 Contact: Michael Pakravan | Dir (310) 919-5737 | [email protected] RETAIL, RESTAURANT & MEDICAL AVAILABLE FOR LEASE AVAILABLE & MEDICAL RESTAURANT RETAIL, Sherman Square | Van Nuys | California 11 The Area Van Nuys, California Van Nuys is one of the fastest growing cities in Los Angeles with a projected growth of over 4% in 2022. Boasting a population of more than 110,000 it is one of the densest cities in Los Angeles County and home to a large range of employers. Bordering other large cities such as Sherman Oaks, North Hollywood, and Reseda it provides for ample employment, shopping, and dining opportunities. 7203 VAN NUYS BLVD | VAN NUYS, CA CA NUYS, | VAN BLVD NUYS 7203 VAN The San Fernando Valley features a strong and well-diversified economy. The Valley is home to numerous large employers, including some 50,000 businesses employing over 700,000 workers, the most well-known of which are involved in motion pictures, recording, and television production and the medical and biotech industries. Among the top entertainment companies in the San Fernando Valley are Disney, Warner Brothers, NBC, and DreamWorks. Other important segments of the local economy include financial and health services as well as aerospace, biotech, and high-tech manufacturing, with BlueShield, Amgen and Kaiser to name a few. 12 Contact: Michael Pakravan | Dir (310) 919-5737 | [email protected] A light rail is coming to the Valley! The Metropolitan Transportation Authority voted unanimously to bring a north- south light-rail line to the East Valley along Van Nuys Boulevard. The $1.3 billion line will add 14 stations in Van Nuys, Panorama City, Arleta, Pacoima and San Fernando to the county’s growing rail network. The most important purpose of this rail line is to service over 62,000 residents of the northeast Valley who are transit-dependent. The Van Nuys area has the seventh-highest transit ridership in the county, and the line is estimated to carry 47,000 daily trips by 2040. ™ The Area Van Nuys Airport (VNY) Dedicated to noncommercial air travel, Van Nuys Airport ranks as one of the world’s busiest general aviation airports averaging over 217,000 takeoffs and landings annually. The airport is located in the heart of the San Fernando Valley and is one of two airports owned and operated by Los Angeles World Airports, including Los Angeles International Airport. Amidst its 730-acre campus, VNY has two parallel runways, one of which is 8,000 feet in length and equipped with full instrument landing. As part of the regional approach to meeting passenger demand, this airport plays a crucial role in the Southern California airport system, serving a vital purpose in reducing congestion and diminishing flight delays at Los Angeles International and other nearby airports for a variety of private, corporate and government aviation needs. By providing a place for general aviation, which encompasses all flying other than scheduled air carrier service or the military, VNY enhances both safety and efficiency at the region’s commercial airports. Van Nuys Airport contributes more than $2 billion each year to the Southern California economy through creating jobs, promoting business, and providing critical general aviation and emergency services. There are more than 100 businesses located at VNY, including four major fixed-base operators (FBOs): Castle & Cooke Aviation, Clay Lacy Aviation, Jet Aviation, and Signature Aviation. These operators provide aircraft storage and parking, aviation fuel, aircraft sales, flight instruction, aircraft charter and aircraft maintenance. Some of the FBOs also serve as major leaseholders of airport property, subletting land and buildings to other airport tenants. Van Nuys Train Station A joint project of Caltrans and Amtrak, the Van Nuys train station is an Amtrak and Metrolink train station in the Van Nuys community. The station is served by Amtrak’s Pacific Surfliner and Coast Starlight and Metrolink’s Ventura County Line. 20 Metrolink trains provide the station 7203 VAN NUYS BLVD | VAN NUYS, CA CA NUYS, | VAN BLVD NUYS 7203 VAN service each weekday and 10 Pacific Surfliner trains depart the station daily. In addition to an abundance of free, overnight parking, the Van Nuys train station also offers convenient access to connection transit services LADOT Dash and Metro Buses. 14 Contact: Michael Pakravan | Dir (310) 919-5737 | [email protected] The Southland As the second largest metropolitan area in the United States, the Los Angeles Metropolitan Statistical Area, or the Southland, consists of both Los Angeles and Orange Counties. These two counties also make up the inner core of the Greater Los Angeles urbanized region. Los Angeles County, one of California’s original 27 counties, is one of the nation’s largest counties both in land area and population. With nearly 10 million residents, the Los Angeles population accounts for approximately 27 percent of California’s population. The area continues to grow, especially given the vigorous residential development in downtown LA. Famously known for a heavily entertainment industry based economy, the Los Angeles metropolitan area attracts many visitors. Consequently, leisure and hospitality is also a leading industry and has experienced recent growth in employment. It is now the sixth largest hotel market in the United Sates. The Los Angeles-Orange County metro area alone has an enormous economy with an estimate $866 billion GMP. Together with Ventura, Riverside and San Bernardino Counties, Orange and Los Angeles county make up the Greater Los Angeles Area, a combined statistical area that is the third largest economic center in the world after the Greater Tokyo and New York metropolitan areas. Sherman Square | Van Nuys | California 15 Exclusive Leasing Agents CASEY MATTHEWS MICHAEL PAKRAVAN Associate, Retail Leasing SVP & National Director, Retail Leasing [email protected] [email protected] DIR (424) 217-7697 DIR (310) 919-5737 LIC # 02044976 LIC # 01706065 This Leasing Package contains select information pertaining to the business and affairs of Sherman Square located at 7203 Van Nuys Blvd, Van Nuys, CA 91405 (“Property”). It has been prepared by Matthews Real Estate Investment Services.
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