No Comments

Spectrum Commercial Real Estate Just Leased a Drive-Thru Restaurant Property in Azusa

Drive-Thru Restaurant Property in Azusa

Azusa, CA – April 15, 2021 – Yair Haimoff, SIOR, Executive Managing Director with Spectrum Commercial Real Estate, Inc., is pleased to announce the recent lease with option to purchase of a drive-thru restaurant located in Azusa, CA.

Haimoff represented the tenant/buyer, Tacos El Superior, Inc. The transaction was a long-term lease with an option to purchase. The buyer exercised their right to purchase immediately after signing the lease agreement.

The property is located at 700 East Alosta Avenue in Azusa, CA, on the corner of Rockvale Avenue and East Alosta Avenue/West Historic Route 66. This site is in a prime Azusa location, within minutes from Azusa Pacific University and Citrus College. It also provides easy access to the 210 freeway.

The drive-thru restaurant is 2,499 sq. ft. on approximately 19,561 sq. ft. of C3 zoned parcel. This is one of the only two drive-thru restaurants that have 24-hour permits.

Spectrum Commercial Real Estate, Inc., represents Tacos El Superior for its expansion needs. Haimoff said of the deal, “We had been looking for facilities in Los Angeles, Ventura and Orange counties. I reached out to different owners and eventually found this particular site. The ownership had other interest on the site, so we needed to act very quickly to secure it.”

The property sold for $2,000,000.

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

No Comments

Spectrum Commercial Real Estate Just Sold 12,310 SF Commercial Building in Northridge

two-story commercial building located in Northridge, CA

Northridge, CA – April 6, 2021 – Yair Haimoff, SIOR, Executive Managing Director with Spectrum Commercial Real Estate, Inc., is pleased to announce the recent off-market sale of a 12,310 sq. ft. two-story commercial building located in Northridge, CA. This sale signals the continued growth of the commercial sector within the San Fernando Valley region despite the COVID-19 pandemic.

Haimoff represented the seller. The buyer is an owner/user and obtained SBA financing.

The property is located at 8624-8628 Reseda Boulevard in Northridge, CA, on the corner of Reseda Boulevard and Bryant Street, a block south of Parthenia Street. This location is a prime Northridge location, within minutes from CSUN, Northridge Hospital Medical Center and Westfield Northridge Fashion Center. It also provides easy access to the 118, 405 and 101 freeways.

The two-story commercial building is 12,310 sq. ft. on approximately 18,378 sq. ft. of C2 zoned parcel. The newly renovated building consists of three ground floor units that range between 1,700 sq. ft. to 5,950 sq. ft. and ten second floor units that range from 400 sq. ft. to 2,000 sq. ft. The buyer will occupy the entire ground floor space for its intended use and retain all of the tenants on the second floor.

The seller originally purchased the property as a long-term investment and had conducted renovations. Haimoff said of the sale, “During the renovation process, we were approached by a medical user who really liked the progress of the renovations and the property’s close proximity to the Northridge Hospital Medical Center. After extensive negotiations, the buyer and seller came to an agreement, and we opened escrow.”

The property sold for $3,450,000.

Spectrum Commercial Real Estate, Inc., also serves as the property management.

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

No Comments

Spectrum Commercial Real Estate Just Sold 23,817 SF Professional Office Building in Valencia

25050 Avenue Kearny in Valencia, CA

Valencia, CA – April 6, 2021 – Yair Haimoff, SIOR, Randy Cude and Matt Sreden, commercial real estate advisors with Spectrum Commercial Real Estate, Inc., are pleased to have represented the seller in the sale of a +/- 23,817 SF professional office building in a prime Valencia location.

The property is located at 25050 Avenue Kearny in Valencia, CA, within the prestigious Valencia Industrial Center, on the corner of Avenue Scott and Avenue Kearny. The building is comprised of thirty (30) professional office suites occupied by a mixture of short- and long-term tenants. The efficiently sized office suites range in size from 378 square feet to 1,864 square feet.

The surroundings of the property include professional office and industrial buildings as well as retail centers. It is within minutes from Valencia Town Center amenities, restaurants, fitness centers, daycare centers, golf courses, the Hyatt Hotel and Conference Center and the new Newhall Ranch Development (20,000 +/- residential units), and it is easily accessible to I-5, SR-14 and SR-126.

The property sold for $6,000,000.

Call brokers for more information.

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