NAI Capital Completes $3.3M Investment Sale in Canoga Park

20144 Sherman Way

Senior Vice Presidents Rodney Delson and Michael B. Rubin with NAI Capital completed a $3.3 million investment sale of a mixed office and retail use property located at 21044 Sherman Way Canoga Park, Calif. Delson and Rubin represented the seller, 21044 Sherman Way, LLC and the buyer, CCC & R Tres Arboles, LLC in the transaction.

The property is situated in a prime Canoga Park location on Sherman Way. The 2-story building is approximately 17,832 square feet in size siting on a 25,548 square foot lot.  The entire project was 100% leased at the time of the sale.

Delson said, “This is a stable investment with upside potential for the buyer.”

“In the West San Fernando Valley submarket, retail/office assets continue to see appreciation in value making this an attractive long term investment,” Rubin added.

Rodney Delson and Michael B. Rubin

Rodney Delson and Michael B. Rubin