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Industrial Facility in Prime Van Nuys Airport Location, Sells for Highest Price Per SF in the Area

15837 Stagg Street in Van Nuys - Industrial Facility in Van Nuys CA

Van Nuys, CA – January 1, 2021. Yair Haimoff, SIOR and Barry J. Jakov, commercial real estate brokers with Spectrum Commercial Real Estate, Inc. based in Woodland Hills, are pleased to announce the recent sale of a freestanding multi-tenant industrial property located in close proximity to Van Nuys Airport.

Haimoff and Jakov represented both the Buyer and Seller in the transaction.

The property is located at 15837 Stagg Street in Van Nuys. The 12,400 square foot building is situated on a 25,049 square foot LAM2 zoned paved lot. The site uniquely features a large fenced and secured parking lot and ample outside storage area. The building is divisible into industrial units ranging from 1,300 to 5,100 SF spaces with separate utility meters. The building also features 12’ – 13 foot warehouse clearance and ample power.

The Buyer, a local towing company, was attracted to the Property due to the central Van Nuys location and the large rear lot. This was a leaseback sale, in which the previous owner and new owner will share the use of the property. The property sold for $3.5 Million, representing one of the highest price per square foot sale transactions in the area according to recent sale comparables.

Call broker for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia and Woodland Hills, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

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Spectrum CRE ™ Represented the Seller in the Sale of 2 Freestanding Industrial Buildings in Van Nuys

Industrial Building in Van Nuys California

Van Nuys, CA – January 4th, 2021 – Yair Haimoff, SIOR, and Barry J. Jakov, commercial real estate advisors with Spectrum CRE ™ are pleased to have represented the Seller in the sale of 2 separate freestanding industrial buildings located at 7022 and 7028 Valjean Avenue in the city of Van Nuys within the Van Nuys Airport Corridor.

The two properties were constructed between the late 1980’s and early 1990’s. 7022 Valjean Avenue is approximately 4,452 square feet and 7028 Valjean is approximately 4,436 square feet, and both are situated on approximately 7,400 square foot LAM1 zoned parcels. The properties feature high-image designs, well designed office layouts, ample power, 16’ – 18’ min. warehouse clear, front loading and fenced and secured parking/yard areas.

The properties were sold to two separate owner users who will be occupying the buildings. 7022 Valjean Ave sold for $1,890,500.00 and 7028 Valjean Ave sold for $1,825,000.00. The sale price achieved represents a record-breaking price for comparable industrial buildings.

Jakov stated “our client purchased the properties in 2018 and tied both parcels together. In order to Sell both properties individually our client needed to separate the parcels, which was a complicated process within a short time frame. We were able to connect the Seller with a trusted building consultant who was able to timely separate the parcels, allowing the purchase of the two properties to proceed”.

For more information, please contact Yair Haimoff and/or Barry Jakov

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge, and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com