Marcus & Millichap Seals $11.2-Million Sale

Why It Matters

The deal underscores continued demand for single‑tenant retail assets in high‑traffic Southern California corridors, reinforcing Marcus & Millichap’s role as a leading broker for large‑scale commercial transactions.

Key Takeaways

• $11.23M sale of 24,890 sq ft Burlington site on Ventura Blvd.
• Property sits on nearly one acre, near Sherman Oaks Galleria and Westfield.
• Buyer is undisclosed local private investor; seller represented by SRS.
• Adds to Marcus & Millichap’s recent $47M Beverly Grove multifamily deal.
• Highlights strong retail demand in San Fernando Valley’s demographic hub.

Pulse Analysis

The Burlington Coat Factory property at 14651 Ventura Boulevard exemplifies the premium retail real estate that continues to attract investors in the San Fernando Valley. Spanning nearly 25,000 square feet on an acre‑size lot, the site benefits from high visibility and foot traffic generated by nearby anchors such as Sherman Oaks Galleria and Westfield Fashion Square. The area’s affluent, youthful demographics and limited vacant storefronts make single‑tenant, net‑leased locations especially valuable, offering stable cash flow and lower management overhead for owners seeking predictable returns.

Marcus & Millichap’s role as the broker underscores its deep network and expertise in matching buyers with high‑profile assets. The $11.23 million transaction follows a series of sizable deals, including a $47 million sale of the Versailles Apartments in Beverly Grove and a $46.35 million multifamily package in Brentwood. With 8,818 transactions and $50.8 billion in volume last year, the firm has cemented its position as a leading intermediary for complex, high‑value commercial properties across Los Angeles County. Its ability to source undisclosed local investors adds a layer of confidentiality prized in competitive markets.

For investors, the sale signals sustained confidence in single‑tenant retail assets despite broader e‑commerce pressures. Net‑lease structures lock in long‑term tenants and shift maintenance responsibilities, aligning with institutional appetite for low‑volatility income streams. The Sherman Oaks market, bolstered by strong consumer spending and limited supply, is likely to see continued price appreciation, prompting both domestic and foreign capital to seek similar opportunities. As vacancy rates remain low, brokers like Marcus & Millichap will play a pivotal role in facilitating transactions that balance risk mitigation with attractive yield potential.