22159 Sherman WAY Canoga Park, CA 91303

The subject property is located on the prime signalized intersection of Sherman Way and Farralone Dr, and is operated by a single-tenant, currently running a children's school. The structures are comprised of one front building that has three classrooms, one bathroom, one office. There is also a garage in the back that was converted into a larger classroom and has one bathroom. The rest of the lot interior is used as an outdoor/play/recess area for students. The current tenant is paying $3,500 per month, and has scheduled rent escalation to bring the rent up to $3,710/month through 2022, $3,895 through 2023 and $4,200/month through 2024. The site offers major visibility on a prime commercial corner that boasts a traffic count of over 21,000 cars per day. This is a probate sale, but not subject to court confirmation. Please make your offer on the CAR Probate Purchase Agreement.