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Thursday, Dec 19, 2024

Sherman Oaks Retail/Office Property Trades for $1.8 Million

A multi-tenant property at 13715 Ventura Blvd. in Sherman Oaks has sold for nearly $1.83 million, according to Calabasas-based brokerage Marcus & Millichap Inc. The 3,777-square-foot multi-tenant mixed-use project has two ground-level storefront retail units averaging 1,200 square feet with frontage along Ventura Boulevard, plus a 900-square-foot second-story office unit that was previously an apartment. Brandon Michaels and Ben Brownstein, both retail investment specialists in Marcus & Millichap’s Encino office, held the exclusive listing for 13715 Ventura Blvd. on behalf of the seller, an individual trust. The buyer, an individual trust, was also secured and represented by Michaels and Brownstein. The 13715 Ventura Blvd. address is located just west of Woodman Avenue and east of Hazeltine Avenue on the north side of the boulevard.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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