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23852014

13005 Sherman Way, Los Angeles, CA 91605

BB
CA CA 00969493
Newmark Pacific Downtown LA
MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
KS
CA 00836549
Newmark | Los Angeles - South Bay
KW
CA 01788506
Newmark | Los Angeles - South Bay
AB
CA 01821872
HFF a real estate
Listed by Newmark Pacific Downtown LA, Newmark | Orange County - Irvine, Newmark | Los Angeles - South Bay, HFF a real estate
Unpriced
386 days on market
Updated 42 days ago

Tesla - North Hollywood, CA

Details
Property Type Retail
Sub Type Storefront
Square Footage 122,423
NOI $4,684,082
Occupancy 100%
Tenancy Single
Brand/Tenant Tesla
Lease Type NNN
Remaining Term 14.7
Rent Bumps Yes
Lease Options 2 (5-Year)
Class A
Year Built 1970
Year Renovated 2024
Acreage 10.199
Zoning CM-1
Parking Spaces 642 spaces
Parking Per SqFt 5.24
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Ownership Fee Simple (Land & Building)
Sale Condition For sale by owner

Tesla - North Hollywood, CA | Service & Collision & Sales | 15-Year Term Through 2039

Marketing description

Click to View: https://platform.reverecre.com/project/07bcb6b4-1ad2-4bf3-904b-7502e03aacd9

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, investment grade, Tesla Sales, Service, and Delivery Center (SSD) & Collision investment property located at 13005 Sherman Way in North Hollywood, CA (the “Property”). Tesla, Inc., recently signed a brand new 15-year lease demonstrating their deep commitment to the site. The lease is signed by the corporate entity, Tesla, Inc. (S&P: BBB | Nasdaq: TSLA), and is NNN leased with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive NNN lease investor. Tesla is one of the world’s most valuable companies (Currently Ranked #10 by Market Cap $903.5 Billion - according to Companies Market Cap) and remains the world’s most valuable automaker. The subject property is one of Tesla’s largest SSD facilities nationwide at over 122k SF, making it a perfect fit for Tesla’s logistics needs for vehicle sales, service, and delivery in the broader North Hollywood market which includes approximately 1.8 million people within 10 miles.

Listing Contacts

BB
CA CA 00969493
Newmark Pacific Downtown LA
MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
KS
CA 00836549
Newmark | Los Angeles - South Bay
KW
CA 01788506
Newmark | Los Angeles - South Bay
AB
CA 01821872
HFF a real estate
Listed by Newmark Pacific Downtown LA, Newmark | Orange County - Irvine, Newmark | Los Angeles - South Bay, HFF a real estate

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$4,684,082.00
$390,340.17/mo

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Additional Information

Name
Bill Bauman
License
CA 00969493
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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