The Sherman Way Apartments is a two-story 16 unit multifamily property located on Sherman Way, a major thoroughfare in the San Fernando Valley. First built in 1957, the property offers several amenities including swimming pool, plush landscaping and open parking.
Jesus Henao with NAI Capital notes: “This property was owned by the same owner for over 35 years. When searching for the best broker to market his property, the Seller received three Opinions of Values from competing firms and chose our team as the best brokers to market his interest. We received multiple offers in the first week and sold the property to the most appropriate offer and closed at a 5.75% CAP Rate.”
The property is just minutes away from the 101 FWY, Pierce Community College, and the Westfield Topanga Canyon Shopping Center.
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage BRE #00806840
Contact: Sharon Fitzgerald, Public Relations, 818.742.1655 and sfitzgerald (at) naicapital (dot) com