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Medical/Retail Plaza Sells for $7 Million in Palmdale, CA

Author: Spectrum Commercial Real Estate
Categories: Medical Office Building
520-540 West Palmdale Plaza, Palmdale, California

Palmdale, CA – August 29, 2023 – Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of a medical/retail Plaza located at 520-540 West Palmdale Plaza, Palmdale, California, for a purchase price of $7 million.

Built in 1992, this medical/retail plaza covers a total area of 27,787 square feet and is strategically positioned within a prime medical district. It is conveniently located just minutes away from both Palmdale Regional Medical Center and USC Keck Medicine Medical Plaza.

This presented itself as the ideal investment opportunity for our client, featuring a property that enjoys a remarkable 98% occupancy rate and is positioned within one of California’s most rapidly expanding urban areas. Despite encountering several unforeseen twists during the transaction, Yair Haimoff successfully orchestrated an agreement that proved advantageous for all parties engaged.

Spectrum Commercial Real Estate’s Property Management division will assume responsibility for managing the property.

Call brokers for more information.

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Retail/Automotive Facility Sells for $3.1 Million

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties
25150 Rye Canyon Rd

Santa Clarita, CA – July 25, 2023 – Managing Director Randy Cude and Senior Associate Connor Quan of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a retail/automotive facility located at 25150-25158 Rye Canyon Road, Santa Clarita, California, for a purchase price of $3.1 million. Spectrum CRE™ represented the Buyer.

This freestanding automotive repair facility spans 6,100 square feet and is located in the rapidly growing Santa Clarita region of Los Angeles County. The property boasts a spacious showroom, high ceilings, multiple service bays for automotive maintenance, ample land, as well as ample parking.

As part of a 1031 exchange, our client expressed interest in an automotive facility in both Santa Barbra and Hawthorne, California. According to Randy Cude “Our dedicated team embarked on an intensive research process, diligently searching for potential investment opportunities. Through our efforts, we were able to uncover a remarkable portfolio of automotive repair facilities before they even entered the market.”

With a piqued interest in automotive assets, this property presented an ideal triple net investment opportunity for our client. The property is currently being utilized by one of California’s premier automotive service providers.

This was a $3,100,000.00 transaction.

Call brokers for more information.

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Medical Office Building in Moorpark, CA Sells for 3.5 Million

Author: Spectrum Commercial Real Estate
Categories: Medical Office Building,Press Release
145 Park Lane, Moorpark CA

Moorpark, CA – July 1, 2023 – Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of a medical office building located at 145 Park Lane in Moorpark, California, for a purchase price of $3.5 million.

Situated in a prime Moorpark location, the subject Property is an approximately 15,463 square foot high-image multi-tenant medical building that is situated on an approximately 40,772 square foot commercial parcel built in 2007. The property features a modern architectural design, an impressive lobby, and common areas, elevator served, and multiple medical suites with various configurations.

The surrounding amenities, such as the Moorpark Town Center and Village Retail Shopping Center, along with convenient access to the 118 and 23 Freeways, significantly contribute to the overall desirability of the vibrant Moorpark community. These amenities provide convenient shopping, dining, and entertainment options, making it a highly attractive location for residents and visitors alike.

The Buyer, an owner-user, will be expanding its operation and will occupy a portion of the building and lease the balance of the building to other medical users.

Call brokers for more information.

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Two Industrial Buildings Sells for 2.2 Million in Northridge, CA.

Author: Spectrum Commercial Real Estate
Categories: Industrial Property,Press Release
8649 Darby Avenue and 18412 Eddy Street in Northridge

Northridge, CA – July 1, 2023 – Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of two industrial buildings located at 8649 Darby Avenue and 18412 Eddy Street in Northridge, California.

The two properties total approximately 10,500 square feet combined and are situated on two legal parcels that total approximately 15,124 square feet. The properties feature well designed layout, multiple loading doors, ample power and fenced and secured parking lot.

The properties are located in prime Northridge location. It is within minutes to amenities, Northridge Fashion Center, Cal State Northridge, Freeway Onramps and easy access to other parts of the San Fernando Valley.

The Buyer is an investor who will renovate the Properties and offer the buildings for lease.

Spectrum CRE™ represented the Buyer. This was a combined $2,222,000.00 transaction.

Call brokers for more information.

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High-Image Freestanding Industrial Building Sales for 2.1 Million

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties,Industrial Property
7059 Valjean, Van Nuys, California.

Van Nuys, CA – May 22, 2023 – Spectrum Commercial Real Estate, Inc. is pleased to announce the recent sale of a high-image freestanding industrial building at 7059 Valjean Avenue, Van Nuys, California. Executive Managing Director Yair Haimoff and Vice President Barry Jakov successfully completed the transaction.

The subject property is an approximately 4,400 square-foot high-image freestanding industrial building on an approximately 7,500 square-foot gated parcel. Built in 2000, the property features modern construction, a well-designed layout with high ceilings, ample power, and an electronic gate.

The property is adjacent to Van Nuys Airport and is near Van Nuys Flyaway, FedEx, and UPS Distribution Center and offers businesses access to key amenities and transportation hubs. In addition, its prime location provides easy accessibility and quick access to freeway on-ramps.

Despite the current market conditions and interest rate increases, the industrial market remains steady. This sale highlights Spectrum Commercial Real Estate, Inc.’s ability to identify valuable opportunities and deliver successful outcomes.

This was a $2,165,000.00 transaction, with Spectrum CRE representing the Buyer and Seller.

Contact Brokers for more information.

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Two Commercial Structures Sale for $5.7 Million in Arleta, CA

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties,Commercial Real Estate,Commercial Real Estate Transactions
8907-8917 Woodman Ave

Arleta, CA – April 4, 2023

Executive Managing Director Yair Haimoff, Vice President Barry Jakov and Senior Associate Zach Rabinowitz of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of two multi-tenant commercial buildings that are situated on a large parcel located at 8907-8917 Woodman Avenue, Arleta, CA.

The subject property comprises of approximately 17,160 square feet of commercial space that is situated on approximately 70,000 square foot commercial zoned parcel. The property was 100% leased at the time of closing and consists of seven units and a large fenced rear lot.

The property is located in one of Los Angeles County’s most economically and culturally diverse neighborhoods in the San Fernando Valley. It is surrounded by single and multi-family homes, schools, shops, restaurants and other area amenities and is bordered by Panorama City, Pacoima, Mission Hills, San Fernando and Sun Valley with easy access to the 5, 118, 170 and 405 Freeways.

Our team successfully met Seller’s stated April 1st deadline by implementing an aggressive and strategic marketing campaign. We received multiple offers and brought the transaction to a successful close on time. It was a pleasure to work with both the Buyer and Seller. All parties cooperated with each other and overcame various obstacles to meet the closing deadline.

The property sold for $5,750,000.00.

Contact Brokers for more information.

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High Image Medical/Dental Building Sales for $11.3 Million in Santa Clarita, CA

Author: Spectrum Commercial Real Estate
Categories: Medical Office Building
23206 Lyons Ave - 10-14-2022

Spectrum Commercial Real Estate Just Closed $11.3 Million Sale of Medical/Dental Building in Santa Clarita, CA

Valencia, CA – October 18, 2022 – Yair Haimoff, SIOR, Randy Cude, Andrew Ghassemi, and Matt Sreden of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of the Santa Clarita Medical Center (SCMC), a high-image medical/dental building in Santa Clarita, California.

Located at 23206 Lyons Avenue, the subject property is an approximately 37,759 square foot two-story medical/dental building situated on an approximately 65,122 square foot parcel. The Property features a diverse mix of 24 professional medical suites, floor-to-ceiling window lines, an abundance of parking, and excellent street visibility. The medical center sits along a major thoroughfare and is within 1.5 miles of the Henry Mayo Memorial Hospital.

According to the team,

“ In addition to the existing asset and location, the overall setup allowing for the conversion of suites into condominiums lends intrinsic value to the property. Medical building investors and users seek assets close to major hospitals, and this property is a prime example of that.”

With a shortage of availability of similar-sized medical/dental suites for lease or sale in the area, this building presents a unique opportunity for the buyer to lease or sell the units individually as medical condos.

The Property sold for $11,300,000.00, with Spectrum CRE™ representing both parties.

Call brokers for more information

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Corporate Image Office Building Sells for $7.1 Million in Santa Clarita, CA

Author: Spectrum Commercial Real Estate
Categories: Commercial Real Estate,Uncategorized
25101 The Old Road

Spectrum Commercial Real Estate Just Closed $7.1 Million Off-Market Sale of a Corporate Image Office Building in Santa Clarita, CA

Santa Clarita, CA – October 17, 2022 – Senior Vice President Matt Sreden of Spectrum Commercial Real Estate, Inc., is pleased to announce the off-market sale of a landmark office building located at 25101 The Old Road, Santa Clarita, California 91381.

This two-story, state-of-the-art office building, which can be seen from the 5 freeway, is located along the major thoroughfare of The Old Road and boasts 23,388 square feet of office space. The facility is comprised of a diverse mix of 90 private offices, features contemporary architecture, and is illuminated with plenty of natural sunlight. Common areas and individual suites alike share panoramic views of the Santa Clarita Valley and the local Towsley Canyon Hills.

The Buyer, 360 Executive Suites SCV, has now acquired five properties in Santa Clarita, offering a total of 49,130 square feet, which amounts to 164 private suites throughout the Santa Clarita Valley. Built in 1998, the new owner plans to modernize the building to further accommodate the increased demand for executive suite space. Upon completion, this location is ideal for executive suite users who want to expand their reach and grow with Santa Clarita’s flourishing commerce.

The building sold for $7,100,000.00 with Matt Sreden of Spectrum CRE™ representing the Buyer in the transaction.

For further information contact Matt Sreden, Senior Vice President, Spectrum CRE.

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High-Image Flex Building Sales for $4.2 Million in Valencia, CA

Author: Spectrum Commercial Real Estate
Categories: Commercial Real Estate,Press Release
28528 Industry Dr

Spectrum Commercial Real Estate Just Closed 5-DAY ESCROW – ALL CASH $4.2 Million Sale of Flex Building in Valencia, CA

Valencia, CA – September 7, 2022 – Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., and his team are pleased to announce the recent sale of a high-image flex building located in Valencia Commerce Center in Valencia, California.

The subject property located at 28528 Industry Drive is an approximately 15,790-square-foot single-story high-image flex building situated on approximately 1.8 acres. The property was previously occupied by a bank operations center and features a well-designed office layout with high-end finishes, high ceilings, fire sprinklers, fiber optics, many security features, a backup generator, over 4/1,000 parking ratio, and additional land for possible building expansion.

According to Yair Haimoff, “This was an extremely fast escrow as the Buyer needed to meet a 1031 exchange deadline. Both Buyer and Seller had to work extremely hard to meet the closing deadline.”

Given the extremely low industrial/flex vacancy rate, attractive building features, expansion possibilities, surrounding amenities, and easy access to the 126 and I-5 freeways, this was an attractive purchase opportunity for our client.

The Buyer, an investor, retained Spectrum CRE™ to continue as the Leasing Broker for the newly acquired asset.

The property sold for $4,178,517.00, with Spectrum CRE™ representing the Buyer and Jones Lang LaSalle Americas, Inc. representing the Seller.

Call brokers for more information.

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Two Industrial Building Sale for 2.2 Million in Panorama City, CA

Author: Spectrum Commercial Real Estate
Categories: Industrial Property,Press Release
Properties-for-sale

Spectrum Commercial Real Estate Closed $2.2 Million Sale of Two Industrial Buildings in Panorama City, CA

Panorama City, CA – August 8, 2022 – Executive Managing Director Yair Haimoff, SIOR, and Vice President Barry Jakov of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of two adjacent industrial buildings in Panorama City, California.

Spectrum CRE™ facilitated a record sale of two contiguous industrial buildings at 13942 Saticoy Street and 13938 Saticoy Street in Panorama City, California. The Properties were purchased by a single buyer who paid all cash.

Each building is approximately 2,075 square feet and situated on two separate 6,000 square foot parcels that share a driveway and are fenced and secured.

The subject properties are centrally located, just minutes from Van Nuys, Chandler Valley Center Studios, Kaiser Permanente, The Plant Shopping Center, Home Depot, Walmart, and across the street from Quixote Studios – perfectly situated between the 405, 170, and 101 Freeways.

“Our team worked creatively to secure both properties for our client in two separate all-cash transactions,” said Jakov.

“Our client first purchased 13938 Saticoy Street and expressed interest in the adjacent property located 13942 Saticoy Street. We subsequently contacted the owner and secured the property for our client.”

Spectrum CRE™ represented both parties. This was a combined $2,222,000.00 transaction.

Call brokers for more information.

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