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Spectrum Commercial Real Estate Just Closed Sale of Retail Building in Montebello, CA

Beverly Montebello, Retail Building in Montebello

Montebello, CA – July 9, 2021 – Yair Haimoff, SIOR and Zachary Rabinowitz of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a retail center located in prime Montebello, CA.

Haimoff and Rabinowitz represented the buyer in this investment sale.

The asset consists of two buildings located at 2537 West Beverly Boulevard. The buildings were built in 1982 and renovated in 2011. There is one single-story building and one two-story multi-tenant building, and in total the property is made up of four retail storefronts, four office spaces, and a detached fast-food restaurant. The area of the buildings is 6,200 sq. ft., and they sit on a 10,196-square-foot parcel. The property is in a prime corner location with high visibility. The buildings are fully leased out.

The property is located near the signalized corner of West Beverly Boulevard and North Hay Street. It is in a prime Montebello location in close proximity to Quiet Cannon, Citadel Outlets, public transportation, restaurants, shopping, and parks. This location provides easy access to the I-5, I-710, and SR-60.

The property sold for $1,450,000.

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

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Spectrum Commercial Real Estate Just Closed $1.3 Million Sale of an Industrial Building in Canoga Park

21436 Ignomar St, Canoga Park

Canoga Park, CA – July 19, 2021 – Isaac Haimoff, Vice President of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of an industrial building located in prime Canoga Park, CA.

Haimoff represented the buyer, an investor. The deal was a quick, all-cash sale.

The two-unit industrial building is approximately 3,869 sq. ft., and it is situated on a large lot, an approximately 9,955-square-foot parcel.

The property is located at 21436-21438 Ingomar Street in Canoga Park, CA, near the corner of Ingomar Street and Alabama Avenue. This site is in a prime Canoga Park location, situated

minutes away from Westfield Topanga & The Village, Warner Center, CSUN, and Northridge Fashion Center. This location provides easy access to onramps for the 118 and 101 freeways.

The industrial property sold for $1,325,000.

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

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Spectrum Commercial Real Estate Just Closed Sales of Two Multi-Family Buildings in Los Angeles

Multi Family Buildings in Los Angeles

Los Angeles, CA – July 9, 2021 – Yair Haimoff, SIOR, Executive Managing Director of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of two multi-family buildings located in prime West Los Angeles, CA.

Haimoff represented the buyer on the portfolio sale.

The first building is a six-unit, two-story investment property located at 1224 South Barrington Avenue. It is approximately 8,992 sq. ft., and it is situated on an approximately .14-acre, LAR3-zoned parcel. The building is comprised of five two-bedroom units and one penthouse three-bedroom unit that spans a full floor. The structure was built in 1973, and it presents a value-add opportunity with the potential to increase rents after interior renovations.

The Barrington property is located near the corner of Barrington Avenue and Wilshire Boulevard. It is in a prime West Los Angeles location minutes from UCLA, Santa Monica Pier, Santa Monica Municipal Airport, and the Getty Center. This site is close to a host of amenities located in Westwood Village, Sawtelle Avenue Japan-town, and Santa Monica. This location provides easy access to the I-405 freeway and Pacific Coast Highway.

The second building is a five-unit, two-story investment property located at 10360-10364 Ashton Avenue. It is approximately 4,113 sq. ft., and it is situated on an approximately .11-acre, LARD 1.5-zoned parcel. The building is comprised of four one-bedroom units and one two-bedroom

unit. The structure was built in 1941, and it presents the potential to grow current rents through renovation.

The Ashton property is located near the corner of Ashton Avenue and Beverly Glen Boulevard. This property is also in a prime West Los Angeles location minutes from UCLA, the Los Angeles Country Club, Rodeo Drive, Westfield Century City, and Cedars-Sinai Medical Center. This location provides easy access to SR-2 and I-405.

The buildings sold for a combined purchase price of $6,800,000.

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

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Spectrum Commercial Real Estate Just Closed $2.4 Million Sale of Land in Santa Clarita

Centre Pointe Business Park Lot. Parcel of Land

Santa Clarita, CA – June 29, 2021 – Yair Haimoff, SIOR, Executive Managing Director of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of a parcel of land located in prime Santa Clarita, CA.

Haimoff represented both the buyer and the seller. The buyer is a developer.

The lot is a 5.29-acre, business-park-zoned parcel of land located within Centre Pointe Business Park. The property presents an exceptional commercial development opportunity of a variety of use applications such as industrial, flex, office, self-storage, or medical. There is conditional approval in place to develop an approximately 60,000-square-foot industrial building on the property. The private lot setting includes the possibility of fencing a secure parking area.

The land is located near the corner of Centre Pointe Parkway and Reuther Avenue, adjacent to John Paul Mitchell Systems. It is in a prime Santa Clarita location that is minutes from Valencia Town Center amenities, Hyatt Hotel & Conference Center, Santa Clarita Sports Complex, LA Fitness, Walmart Supercenter, Sam’s Club, Dick’s Sporting Goods, Ashley’s Furniture, shops,

restaurants, golf courses, and single- and multi-family housing. This location provides easy access to SR-14 and I-5 freeways.

The property sold for $2,400,000.

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

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Spectrum Commercial Real Estate Just Closed $6.285 Million Sale of Industrial/Office Building in Van Nuys, CA

7116 Valjean Main - Industrial / Office

Van Nuys, CA – June 28, 2021 – Yair Haimoff, SIOR and Barry Jakov of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a freestanding 18,710-square-foot, high-image industrial/office building located in prime Van Nuys, California.

Haimoff and Jakov represented both the buyer and the seller.

The asset is located at 7116 Valjean Avenue. Built in 2000, the subject property contains approximately 12,710 sq. ft. of office area and 6,000 sq. ft. of warehouse area situated on an approximately 29,996-square-foot parcel. The LAMR1-zoned building boasts a well-designed, two-story office configuration. Additionally, the property features gated and secured parking while providing excellent street visibility and access to Van Nuys Airport.

“Our team received multiple offers near asking price. The overall lack of inventory in Van Nuys and very favorable financing options made this site an attractive owner-user acquisition opportunity,” said Jakov.

The building is located near the signalized corner of Valjean Avenue and Sherman Way. Located in the Van Nuys submarket, the property is in close proximity to Van Nuys Airport, Van Nuys Flyaway, Van Nuys Golf Course, and Balboa Park. This site is located minutes from restaurants, local amenities, and public transit. This location provides rapid and easy access to the 405, 101, and 118 freeways.

The property sold for $6,285,000.

Please call broker for additional 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 Commercial Real Estate Just Closed $3.8 Million Sale of an Industrial Building in Glendale

426-434 Cypress St

Glendale, CA – June 4, 2021 – Yair Haimoff, SIOR, Executive Managing Director of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of a multi-tenant industrial building located in prime Glendale, CA.

Haimoff represented the buyer in this investment sale. The purchase was at above asking price, all-cash, and a short escrow.

The 3-unit industrial building is approximately 14,818 sq. ft., and it is situated on an approximately 22,507-square-foot parcel. The structure is divided into two 5,000-square-foot units and one 4,818-square-foot unit. The building is fully occupied; two units are occupied by a media/studio tenant, and one unit is occupied by a beauty and wellness company.

The property is located at 426-434 West Cypress Street in Glendale, CA, near the corner of San Fernando Road and West Cypress Street. This site is in a prime Glendale location, situated close to Griffith Park, Glendale Galleria, Glendale Transit Center, and Glendale Memorial Hospital and Health Center. This location provides easy access to onramps for the 2, 5, and 134 freeways.

The industrial property sold for $3,801,260. The seller had multiple offers, and it was a highly competitive purchase with several offers that were all-cash and above asking price.

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 Commercial Real Estate Just Closed $2 Million Sale of an Industrial Building in Downtown Los Angeles

Industrial Building in Los Angeles

Los Angeles, CA – May 18, 2021 – Yair Haimoff, SIOR, Barry Jakov, and Zach Rabinowitz with Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of an industrial building located in prime downtown Los Angeles, CA.

Haimoff, Jakov, and Rabinowitz represented the seller. The buyer is an owner-user.

The property is located at 1427 Elwood Street in Los Angeles, CA, near the corner of 14th Street and Elwood Street. This site is in a prime downtown Los Angeles location, situated within the Blue Zone and in close proximity to major Los Angeles landmarks. It is minutes from the Art District, the Fashion District, LA Live, and the Staples Center, and the site provides easy access to onramps for the I-10, I-5, I-110, and 101 freeways.

The single tenant industrial building is 4,840 sq. ft., and it is situated on an approximately 5,738-square-foot., LAM3-zoned parcel. The structure was built in 1970, and it features 12’ – 14’ of warehouse clearance, one 12’x11’ ground loading door, and fenced and secured parking.

The demand for industrial property in the downtown Los Angeles area remains extremely high while supply remains low. The transaction closed at an above market rate due to low availability and the property’s unique features.

The industrial building 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

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Spectrum Commercial Real Estate Just Sold 13,325 SF Industrial Complex in North Hollywood

7129-33 Vineland, North Hollywood

North Hollywood, CA – May 7, 2021 – Yair Haimoff, SIOR, and Barry Jakov with Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of an industrial complex located in North Hollywood, CA.

Haimoff and Jakov represented the seller. The buyer is an owner/user.

The property is located at 7129-7133 Vineland Avenue in North Hollywood, CA, near the corner of Sherman Way and Vineland Avenue. This site is in a prime North Hollywood location, across the street from a host of amenities and the Hollywood Burbank Airport. It is minutes from Home Depot, a Costco Business Center and a FedEx Ship Center, and it offers easy access to the 170, 134 and 5 freeways.

The industrial complex is comprised of two commercial buildings that make up 13,325 sq. ft. together, with one building at 3,800 sq. ft. and the second building at 9,525 sq. ft. The complex accommodates 7 separate units. The property is situated on an approximately 29,981-square-foot, M2-zoned parcel. The buildings were renovated in 2019, and they feature functional warehouse space, ample power, 7 grade level doors, ample parking and good warehouse clearance.

Haimoff and Jakov received multiple full price offers for the property, showing that interest in multi-tenant properties in the San Fernando Valley has remained strong despite the pandemic. The property ultimately went to the highest bidder, who paid over the asking price.

The industrial complex sold for $3,400,000.

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

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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

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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