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Multi-Tenant Industrial Building Sales for $3.7 Million in Santa Clarita, CA

26858 Ruether Ave

Santa Clarita, CA – April 13, 2022 – Senior Vice President Andrew Ghassemi and Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a Multi-Tenant Industrial building located in Santa Clarita, California.

This was an all cash, 1031 exchange transaction with Spectrum CRE™ representing the Buyer.

Built in 2002, this 16,744 square foot industrial building is located at 26858 Ruether Ave, in the city of Santa Clarita, CA. Sitting on an approximately 46,609 square foot parcel, this property features nine industrial/automotive units.

“The speed of this transaction demonstrates our market advantage, by utilizing our proprietary system and local relationships to execute timely requirements. This property has never been on the market, as it was originally constructed by the Seller’s family. A perfect example of what seasoned investors look for.”, said Andrew Ghassemi.

Santa Clarita is one of the fastest growing cities in the country. Located at the northern edge of the L.A. metro area within the Thirty Mile Zone – making this an attractive submarket to film and entertainment studios looking beyond Hollywood and Burbank, CA. In 2021 the Santa Clarita Valley Submarket recorded its highest volume of industrial property sales, according to CoStar.

This Industrial building sold for $3,695,000.00.

Call brokers for more information.

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Spectrum CRE™ is Pleased to Announce the Promotion of Randy Cude to Managing Director

Randy Cude

Santa Clarita, CA – February 25, 2022 – Spectrum Commercial Real Estate, Inc. has promoted Randy Cude to Managing Director of its Santa Clarita Valley office.

Randy Cude started his career following the footsteps of his father, working on construction projects where he learned real estate from the ground up. Randy has been a licensed real estate agent for nearly thirty years – working with a broad range of organization and involved with thousands of assignments.

In his role as Executive Vice President, Randy was instrumental in the evaluation, sales, property management and marketing of hundreds of properties for more than twenty-five institutional lenders. He has represented tenants and landlords and has been involved in the planning and development of ground-up retail projects.

Prior to joining Spectrum CRE™, Randy was a Senior Vice President at NAI Capital, where he was a top producing broker year after year during his 13-year tenure.

As a local expert, Randy Cude has been recognized and awarded by Santa Clarita Valley Economic Development Corporation and Santa Clarita Valley Business Journal with multiple awards for his outstanding performance in the industry

“Randy is truly an outstanding individual and a commercial real estate professional with an excellent track record of integrity and success. With Randy’s vision, passion, and organizational skills, we are confident he will elevate our team and increase productivity in our Santa Clarita Valley Office.” Says Executive Managing Director, Yair Haimoff.

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Medical Office Building in Prime Santa Monica Location Sells for $6 Million

1227 Lincold Blvd, Santa Monica California

Santa Monica, CA – February 11, 2022 – Senior Vice President Andrew Ghassemi and Executive Managing Director Yair Haimoff of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a Medical Office Building located in the City of Santa Monica, California.

Spectrum CRE™ represented the Buyer and Coldwell Banker Commercial represented the Seller in the transaction.

Built in 1959, this freestanding 6,630 square foot Owner/User boutique medical office is located at 1227 Lincoln Boulevard, in the city of Santa Monica, CA. The building is currently at ±50% vacancy and features six medical suites, abundant surface parking, elevator access, storage, skylights, recent common area upgrades and a café on the ground floor.

The property is centrally located just south of the Wilshire and Lincoln signalized intersection – a few blocks from the Third Street Promenade, Santa Monica Place Mall and the Santa Monica Pier.

“Our client wanted to purchase a medical office building in the City of Santa Monica, however the low inventory for medical buildings made it difficult to find a suitable location” said Yair Haimoff. “After touring and negotiation on multiple facilities we finally located this building which met most of our clients’ building parameters.”

Despite the pandemic, the second half of 2021 saw an uptick in occupier interest. In the fourth quarter Los Angeles West dominated leasing with activity at 40% across the Greater Los Angeles area. Santa Monica saw the bulk of transactions from the tech and entertainment industry accounting for some of the largest deals of the quarter.

This Office building sold for $5,900,000.00.

Call brokers for more information.

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San Fernando, CA: Six-Year Lease for Rare Food Manufacturing Facility

1516 - 1606 1st St

San Fernando, CA – February 15, 2022 – Executive Managing Director Yair Haimoff, SIOR with Spectrum Commercial Real Estate, Inc., just completed a 23,925 square foot lease of a food manufacturing facility, located in San Fernando, CA.

This 23,925 square foot property is located at 1530-1606 1st Street in the city of San Fernando, California. The building is currently used as a food manufacturing facility and features multiple coolers, food prep areas, washrooms, floor drains throughout, and a large lot with private gated concrete yard. The building has heavy electrical power with additional expansion possibilities.

The City of San Fernando is surrounded by Los Angeles cities like Sylmar, Lake View Terrace, Pacoima, and Mission Hills. It is served by Interstate 5, 210, 118 and 405 freeways.

“Our client needed additional space to grow its food manufacturing operation, however, it was extremely difficult to find additional space due to the low vacancy rate of Industrial product, especially food manufacturing facilities.” said Yair Haimoff, “Some of our food users give up on looking for existing food use facilities and focus on converting general industrial space into food uses. However, the cost of converting industrial space into food manufacturing is extremely expensive and the process is very long. Once this property came on the market, we needed to act quick and place an offer. The negotiations went smoothly, and we were successful in securing a long-term lease.”

Industrial sales have been vigorous during the pandemic, and the demand for refrigerated warehouse space has seen a flood of investments pouring in due to the demand for grocery deliveries and meal kit companies. Reports show that cold storage properties accounted for $2 billion in sales volume in 2021.

Yair Haimoff represented the Tenant and Greg Geraci with Colliers International represented the Landlord.

For more information, please contact the brokers.

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Spectrum Commercial Real Estate Just Completed 20,034 SF Industrial Lease in Van Nuys, CA

14650 Calvert St

Van Nuys, CA – January 24, 2022 – Executive Managing Director Yair Haimoff, SIOR with Spectrum Commercial Real Estate, Inc., just completed a 20,034 square foot lease of an industrial building, located in Van Nuys, CA.

The property, located at 14650 Calvert Street in the city of Van Nuys, California, is comprised of two industrial buildings that is situated on a large lot. The buildings feature two wide rear loading doors, fenced and secured parking, 15’ minimum warehouse clearance, ample power and large covered loading and storage work areas. The property is in a prime Van Nuys location, adjacent to Sherman Oaks, and only 1.5 miles from the 405 freeway.

In 2021 the industrial market rent growth rose 5%, outperforming other sectors. Economists predict that the industrial market will continue its upward trajectory in 2022, although the supply chain delays, and all-around price increases could have some effect on the industrial market.

“We had quite a bit of activity on this property due to a very low vacancy rate and high demand for this type of product”. said Yair Haimoff.  “This is a unique property, comprised of two industrial buildings and situated on a large lot with multiple entry points which is ideal for the tenant.”

Yair Haimoff represented both parties in the transaction.

For more information, please contact the brokers.

About Spectrum Commercial Real Estate, Inc.

Spectrum CRE™ was founded in 2018, headquartered in Valencia, with offices in Woodland Hills, Encino and Century City, California. We are a full service commercial real estate firm offering clients personalized service, local knowledge, and a pioneering approach to brokerage. The firm’s exceptional brokerage services include 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 property management. For more information, visit www.Spectrumcre.com

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High Demand Industrial Building Sells for $3.1 Million in North Hollywood

7306 Varna Ave, North Hollywood CA

North Hollywood, CA – January 19, 2022 – Executive Managing Director Yair Haimoff of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of an Industrial building located in the City of North Hollywood, California.

Spectrum CRE™ represented the Seller in the transaction.

This freestanding 7,899 square foot industrial building is located at 7306 Varna Avenue, in the City of North Hollywood, situated on a M2 zoned parcel. This completely renovated building can be divisible into multiple units – an excellent owner-User/ Investment opportunity. It features ample power, ample parking, multiple loading doors and a fenced and secured yard.

“The unprecedented demand for Industrial buildings coupled with the limited supply in the San Fernando Valley made this property attractive to multiple buyers looking for a M2 zoned building” Haimoff said of the deal. “This building in particular was very appealing to buyers looking to occupy a portion of the building and lease out the remainder of the units.”

The industrial market attracted the most investments in 2021, significantly outpacing office and retail heading into 2022. This year will see investors move in the direction of promising rent growth, like warehouses and biotech properties as well as multi-family/apartments.

This industrial building sold for $3,100,000.00.

Call brokers for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum CRE™ was founded in 2018, headquartered in Valencia, with offices in Woodland Hills, Encino and Century City, California. We are a full service commercial real estate firm offering clients personalized service, local knowledge, and a pioneering approach to brokerage. The firm’s exceptional brokerage services include 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 property management. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Closed $2.7 Million Sale of an Office Building in Valencia, CA

28015 Smyth Dr, Santa Clarita, CA 91355

Valencia, CA – January 11, 2022 – Executive Vice President Randy Cude and Vice President Matt Sreden of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of an office building located in the City of Valencia, California.

Spectrum CRE™ represented the Buyer and Seller in the transaction.

This ±7,383 square foot freestanding office building is located along the prestigious Smyth Drive at 28015 Smyth Drive, Valencia, California, in Highridge Business Park. The Property features nine private executive suites, large open bay, conference room, reception area, kitchen, and storage area.

The property has a high image corporate identity and a campus environment, located near restaurants, daycare, and minutes away from the Valencia Town Center.

The office market has seen a rise in vacancy rates and lower asking rents in the third quarter of 2021 compared to 2020. However, the office market has shown signs of promise and macroeconomic indicators remain optimistic.

The Buyer, an Owner/User, plans on occupying a percentage of the building and converting the remainder of the building into high-end executive office suites. Randy Cude and Matt Sreden were able to negotiate a Leaseback for the Sellers to occupy a portion of the building.

This office building sold for $2,675,000.00.

Call brokers for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum CRE™ was founded in 2018, headquartered in Valencia, with offices in Woodland Hills, Encino and Century City, California. We are a full service commercial real estate firm offering clients personalized service, local knowledge, and a pioneering approach to brokerage. The firm’s exceptional brokerage services include 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 property management. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Closed $2 Million Sale of Industrial Building in Huntington Park, CA

Industrial Building for Sale in Hunting Park

Huntington Park, CA – January 4, 2022 – Senior Vice President Andrew Ghassemi of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of an Industrial building located in the City of Huntington Park, California.

Spectrum CRE™ represented the Buyer in the transaction.

This freestanding 7,089 square foot manufacturing/warehouse is located at 2438 East 55th Street, in the City of Huntington Park, situated on a M2 zoned lot. The property features two beautifully renovated offices with a bonus mezzanine, a warehouse with exposed wood beams, and multiple ground level loading doors.

The industrial market has seen an influx in demand since the pandemic. With high demand and low supply, finding an industrial space can be challenging, but Andrew Ghassemi was able to negotiate a fair price for his client and close the deal.

“Lack of desirable properties in the Valley forced my client to consider other areas and I’m thrilled to have been able to locate this art deco style property to meet their expanding requirements.

The Buyer intends to further restore the building to its original 1925 glory.”, Ghassemi said of the deal.

This industrial building sold for $1,945,000.00.

Call brokers for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum CRE™ was founded in 2018, headquartered in Valencia, with offices in Woodland Hills, Encino and Century City, California. We are a full service commercial real estate firm offering clients personalized service, local knowledge, and a pioneering approach to brokerage. The firm’s exceptional brokerage services include 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 property management. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Closed $1.7 Million Sale of Industrial Warehouse in San Fernando, CA

758 Arroyo Street, San Fernando CA 91340

San Fernando, CA – December 8, 2021 – Executive Managing Director Yair Haimoff, SIOR and Senior Associate Barry Jakov of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of an Industrial Warehouse located in the City of San Fernando in California.

Spectrum CRE™ represented the Buyer in the transaction.

This freestanding 5,500 square foot industrial building located at 758 Arroyo Street in the City of San Fernando, is situated on a fenced and secured M2 zoned lot and features, flexible floor plan, three ground level loading doors, an efficient open warehouse configuration, ample power, and divisible into two units.

The Property is situated near public transportation, cultural arts, education institutions, and excellent local dining amenities. Additionally, the property has rapid access to the 118, 405, and 210 Freeways.

“There is currently an unprecedented lack of industrial inventory in the entirety of the San Fernando Valley,” said Jakov, “our owner-user client was motivated by a competitive price, the attractive location, and expanding business opportunities in the area.”

Given the current market, Spectrum CRE™ was pleased to complete the sale of this rare industrial opportunity.

Call brokers for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum CRE™ was founded in 2018, headquartered in Valencia, with offices in Woodland Hills, Encino and Century City, California. We are a full service commercial real estate firm offering clients personalized service, local knowledge, and a pioneering approach to brokerage. The firm’s exceptional brokerage services include 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 property management. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Closed Leased Investment Sale of Industrial Space in Valencia, CA

Industrial Building in Valencia CA

Valencia, CA – September 24, 2021 – Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent leased investment sale of a one-story warehouse building located in Valencia, CA.

Haimoff represented the buyer in this transaction, Delta Capital, LLC.

The asset is located at 24820 Avenue Tibbitts. The 13,045-square-foot, high-image industrial building sits on a 31,146-square-foot, BP-zoned parcel. The single-tenant building was built in 1987. It features two drive-in/grade-level doors, ample power, and a clear ceiling height of 17 feet.

The property is located in a prime Valencia location near the corner of Avenue Tibbitts and Avenue Mentry. It is within close proximity to Six Flags Magic Mountain/Hurricane Harbor, Westfield Valencia Town Center, Walmart Supercenter, shopping, restaurants, and other amenities. It is also minutes from the Santa Clarita Metrolink station and the 5, 14, and 126 freeways.

The property sold for $3,110,000.

Please contact the 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