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16103 Sherman Way
Van Nuys, CA 91406 Van Nuys

$5,500,000 USD

Service Station For Sale  •  1,161 SF

Property Details

  • Property Type Service Station
  • Total Building Size 1,161 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1950
  • Tenancy Single
  • Zoning LAC2
42 Transit Score
74 Walk Score

Highlights

Current lease expires August 31, 2027, creating a unique chance for an owner-user to operate their business upon lease expiration.
Situated at Sherman Way & Woodley Avenue, a heavily trafficked intersection with 66,815 cars per day.
A recent Phase I (2025) came with No Further Action needed, which is complemented by regular and successful tank/piping tests.
Favorable lease language ensures landlord control over equipment and environmental provisions, enabling a smooth transition for future operations.
Within a 3-mile radius: 281,799 residents and an average household income of $110,833, supporting strong fuel and retail sales.
Less than 0.5 miles from the I-405 freeway exit at Sherman Way and 0.05 miles from Van Nuys Airport, ensuring consistent traffic flow.

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.0 mi
Northridge (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 5.5 mi
AirportDriveWalkDistance
Bob Hope 17 min - 7.2 mi
Los Angeles International 30 min - 21.1 mi
Long Beach (Daugherty Field) 48 min - 38.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Patrick Wade 818-259-0476 CBRE, Inc.
Patrick Wade 818-259-0476 CBRE, Inc.