BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM DE SOTO AVE SHERMAN WAY 20900 & 20914 Sherman Way, 7117 & 7127 De Soto Avenue Canoga Park, CA 91303 INVESTMENT ADVISORS BRANDON MICHAELS Senior Managing Director of Investments Senior Director, National Retail Group Tel: (818) 212-2794 Fax: (818) 212-2710 [email protected] License: CA #01434685 www.BrandonMichaelsGroup.com TEAM MEMBERS Sean Brandt Vaughn Brown Ben Brownstein Nicole Cottrell Andrew Leff Matthew Norona Lauren Sackler Zachary Saloff Steven Schechter Austin Sreden CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party re- ceiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. 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TABLE OF CONTENTS 1 2 3 PROPERTY OVERVIEW FINANCIAL ANALYSIS AREA OVERVIEW PROPERTY OVERVIEW EXECUTIVE SUMMARY TRILLIUM TOWERS The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent for sale The Sherman Way & DeSoto Portfolio, a well located collection of four parcels of land ideally located on the Southwest signalized corner of Sherman Way and DeSoto Avenue in the strong West San Fernando Valley sub-market of Canoga Park, CA. The offering consists of 20900 & 20914 Sherman Way and 7117 & 7127 De Soto Avenue. The properties along Sherman Way are separated from the parcels along De Soto Avenue by an alley. The subject property benefits from excellent visibility and frontage along two main West San Fernando Valley retail thoroughfares with 199 feet of linear frontage along Sherman Way and 114 feet of linear frontage along DeSoto Avenue and has excellent parking with a total of 109 parking spaces, a parking ratio of 4.38 per 1,000. The portfolios centralized location provides easy access to the Interstate 101 Ventura Freeway and is less than one mile from the Warner Center, the central business district of the San Fernando Valley and one of Los Angeles’ largest urban developments. The Sherman Way & DeSoto Portfolio commands a strong presence at the corner of Sherman Way and DeSoto Avenue, a premier signalized intersection which experiences daily traffic counts north of 38,700 vehicles per day. 20900 Sherman Way is a vacant 9,977 square foot retail building, currently undergoing renovations that will be delivered in vanilla shell condition. 20914 Sherman Way is a 14,900 square foot retail building that is currently leased to 99 Cents Only through January 2023. A large one sided 48x14 billboard sits above 20914 Sherman Way, which generates an additional income stream, but is able to be terminated by ownership in the event of development at the site. The properties which front Sherman Way are situated on a total of 44,700 square feet of land. The portion of the lot which features the retail buildings are zoned [Q]C2-1VL-CDO-RIO, which make up a total of approximately 24,062 square feet of land. The surplus land behind the vacant corner retail building at 20900 Sherman Way is zoned [Q] R1-1VL-CDO-RIO, and totals 8,838 square feet of land. The excess land behind the 99 Cents Only is zoned [Q]P-1VL- CDO-RIO and totals 11,785 square feet of land. The parcels on De Soto Avenue total 26,248 square feet and are zoned (T)(Q)CR-1XL-RIO. They are currently utilized as parking lots. 7127 De Soto Avenue is comprised of 17,499 square feet of land, and 7117 De Soto Avenue constitutes 8,749 square feet of land. The portfolio offers a significant opportunity to owner-users, value-add investors, developers, and covered land buyers. 20900 Sherman Way is vacant and while 99 Cents Only has a lease in place, they are currently not operating, creating a unique opportunity for an owner-user to occupy a portion or all of the retail space on a prime signalized corner with excellent parking. Value-add investors would have the opportunity for immediate upside through re- leasing a portion or all of the subject property. The Sherman Way & DeSoto Portfolio is located in a Tier 1 Transit Oriented Community (TOC), which provides density bonus incentives and reduced parking requirements, creating a tremendous opportunity to develop a the 1.63 acres of land at a prime West San Fernando Valley signalized corner. 6 WARNER CENTER TOWERS (1.9 Million SF Office Towers) WARNER CENTER 20900 & 20914 Sherman Way, 7117 & 7127 De Soto Avenue Canoga Park, CA 91303 INDEPENDENCE AVE DE SOTO AVE SHERMAN WAY A WELL-LOCATED HIGH TRAFFICKED WEST SAN FERNANDO VALLEY SIGNALIZED CORNER LOCATION CONSISTING OF 24,877 SQUARE FEET OF STREET RETAIL IDEALLY SITUATED ON 1.63 ACRES (70,948 SQUARE FEET) OF LAND 7 CANOGA PARK WARNER CENTER TOWERS (1.9 Million SF Office Towers) OWENSMOUTH AVE UPTOWN AT WARNER CENTER $4 billion mixed-use development O R AN GE LIN E BU ($1.5 billion capital infusion - 1,400 SWAY residential units, 2 hotels, 864,000 SF VICTORY BLVD Class A office & retail, Entertainment and Sports Center) WARNER CENTER TOWERS 1.9 million SF of Class A office towers ERWIN ST W OXNARD ST CANOGA AVE WARNER CENTER TOPANGA CANYON BLVD BURBANK BLVD VENTURA FWY VENTURA BLVD 8 WINNETKA 20900 & 20914 Sherman Way, 7117 & 7127 De Soto Avenue Canoga Park, CA 91303 SHERMAN WAY TRILLIUM TOWERS VANOWEN ST DE SOTO AVE O R AN GE LIN E BU SWAY VICTORY BLVD VARIEL AVE DE SOTO AVE SHERMAN WAY & DE SOTO PORTFOLIO 9 20900 & 20914 Sherman Way, 7117 & 7127 De Soto Avenue Canoga Park, CA 91303 SHERMAN WAY DE SOTO AVE INVESTMENT HIGHLIGHTS IDEAL OWNER-USER OR VALUE-ADD EXCELLENT CANOGA PARK LOCATION INVESTMENT OPPORTUNITY Ideally Located at the SW signalized corner of Sherman The property is located on four separate parcels and is Way and De Soto Avenue, a prime signalized intersection comprised of a total of 1.63 acres of land with daily traffic counts north of 38,700 vehicles per day 24,877 square feet of well-positioned street retail with Ideally Located less than one mile from the Warner Center, significant upside the central business district of the San Fernando Valley Owner-Users have the ability to occupy a portion