21834 SHERMAN WAY, CANOGA PARK, CA 91303-1940

Brand New Five (5)-Year Lease Extension: Wells Fargo has recently provided confirmation to exercise their option to extend through August 31, 2031. One (1) additional five (5)-year option remains through August 2036, providing a potential total lease term through 2036.

High Traffic Corridor within a High Growth Market: The subject property is located one (1) block east of Topanga Blvd. situated approximately one (1) mile north of the future Rams Village at Warner Center.

Large 36,063 SF Lot with 53-Stall Parking: Generous land-to-building ratio on two parcels provides excellent parking and potential long-term redevelopment upside.

30-Year Tenant Occupancy: Wells Fargo (and its predecessor, First Interstate Bank) has continuously occupied this location since 1996, demonstrating strong site commitment and customer base attachment.

Drive-Thru Permits in Place: The branch has a triple-drive thru located on premise allowing for flexible repositioning plays upon lease expiration.

Planned Branch Remodel: The branch is on Wells Fargo’s 2026 refresh/renovation list and will undergo improvements this year, at tenant’s expense. This demonstrates the bank’s long-term commitment to this location and will enhance the physical condition of the asset at no cost to the landlord.

Attractive Price Per Square Foot: At the proposed value range of approximately $256/PSF (GLA), the property is priced attractively for the commercial corridor.

Absolute NNN Lease Structure: Tenant is responsible for all operating expenses including property taxes, insurance, roof, structure, HVAC, CAM, parking, and utilities, resulting in zero landlord management responsibilities.

Tenant Credit: Wells Fargo Bank, N.A. is one of the largest financial institutions in the United States, providing exceptional credit quality and reliability of income.

LAC2 Zoning and ±36,063 SF: Flexible zoning and intrinsic land value upon lease expiration with possibility for ground up development.