Los Angeles, California – The afternoon NNN Commercial Real Estate news is from Van Nuys, California. A NNN Commercial Real Estate development was purchased by Majestic Investments. This NNN Commercial Real Estate development consists of two Office Buildings. This NNN Commercial Property is located at 15350 Sherman Way, in Van Nuys, with the California zip code of 91406. The NNN Commercial Real Estate development has a total of approximately 267,857 square-feet.
The NNN Commercial Property seller was the Embarcadero Capital Partners and they received $49.5 million for the triple net leased properties. This A NNN Commercial Real Estate development is known as Sherman Plaza. These triple net leased properties are in close proximity to the Van Nuys Airport for convenient exits from the NNN Property Tenants.
The California net leased office complex is situating on about 7 acres in Van Nuys. The NNN Commercial Real Estate development is positioned just east of the Interstate 405. The 405 is currently the primary north and south freeway artery for this valley and for bustling west Los Angeles. The NNN Commercial Real Estate development sits just west of Sepulveda Boulevard, and benefits from the primary north and south surface road through the San Fernando Valley. This NNN Property, the Sherman Plaza also offers excellent access to the Ventura Freeway (U.S. 101), and the famous Reagan Freeway (Route 118). The California NNN Leased Property is close to the Burbank airport, and the large business centers of Encino and Sherman Oaks.
The California triple net leased properties are two Class A Office Buildings with substantial on site, secured parking and also on-site security and property management. The West building in San Fernando Valley, is a five story structure which offers easy subterranean, as well as surface parking. The East NNN Leased building is a four-story structure with convenient surface parking for net leased property Tenants. These California triple net leased properties offer the latest technology capabilities which are very helpful for Tenants and flexible office layouts for variable sized net leases.
The triple net leased property known as the Sherman Plaza East Tower has immediate availability and after hours card key security access for the Tenants. This NNN Property was recently awarded an Energy Star label in 2008 for their operating efficiency of the Property. This triple net leased property was also awarded an Energy Star label in 2009 and an Energy Star label in 2010 for its operating efficiency.
The triple net leased properties Amenities at Sherman Plaza:
• Prime Location: Sherman Way and Sepulveda Boulevard
• Properties offer easy access to the San Fernando Valley in any direction
• On-site Secured Parking for the NNN Properties
• On-site Deli on the NNN Property
• On-site Management and Security
• Nearby Restaurants: Starbucks, Coffee Bean & Tea Leaf, Robeks, Jamba Juice, McDonalds, Wendy’s, Subway, Baja Fresh, The Cheesecake Factory, PF Changs, El Torito, and Romano’s Macaroni Grill
• Nearby Gym Facilities for tenant convenience: 24-Hour Fitness, L.A. Fitness Sports Club, Bally’s Total Fitness
• Nearby Hotels: Best Western, Holiday Inn, Travel Lodge, Airtel Plaza Hotel
• Also in close proximity to high end Hotels including the Universal Sheraton and Universal Hilton
• nearby Retail Shopping Center: Sherman Oaks Galleria, Westfield Riverside & Woodman Mall, and various Ventura Boulevard shops and boutiques
Also this NNN Commercial Property has an interest controlled by Wrightwood Capital. The Wrightwood Capital Company has made a $5,300,000 preferred equity investment in the NNN Commercial Property Investment which is managed by Majestic Investments, LLC. The San Fernando Valley Investment Property was originally completed in 1983 and the second building completed in 1988. The NNN Investment Property has an existing Commercial Loan of approximately $40,197,000. This NNN Commercial Loan is held by Bank of America was be assumed by the NNN Commercial Property Buyers.
When Investors search for NNN Commercial Real Estate Properties, it is a great strategy to search for NNN properties with Assumable Debt. Look for an assumable Investment Property financing which is already in place and does not mature before 10 or 12 years. A NNN Commercial Property for sale offering an assumable Commercial Loan with an attractive rate, and is amortized, allows for unmatched benefits.
Contact Net Lease Properties to purchase Commercial Real Estate all across the Country.
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