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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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Two Off-Market Industrial Condominiums Sales for 2.4 Million in Sun Valley, CA

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties,Industrial Property
8000 Wheatland Ave, Bldg

Spectrum Commercial Real Estate Closed $2.4 Million Sale of Two Off-Market Industrial Condominiums in Wheatland Commerce Center – Sun Valley, CA

Sun Valley, CA – July 7, 2022 – Executive Managing Director Yair Haimoff, SIOR, and Vice President Barry Jakov of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent off-market sale of two industrial condominiums in Sun Valley, California.

Wheatland Commerce Center, located at 8000-8010 Wheatland Avenue in Sun Valley, California, consists of twenty-four high-image individual condominiums. Spectrum CRE™ facilitated the sale of two units owned by two different sellers to a single buyer within months of each other -Spectrum CRE™ represented the Buyer and Seller in the transaction.

The property is in a prime Sun Valley location, minutes away from public transportation, the Burbank Airport, JXS, and Sun Valley Metrolink Station.

“The buyer was motivated to purchase both condos to accommodate his business expansion,” said Jakov, “Our team identified the highly sought-after assets for our client in an off-market approach to facilitate rapid, all-cash transactions in a tight industrial market.”

The East San Fernando Valley Submarket had approximately $490 million worth of industrial property sales during the last 12 months, according to CoStar. Sales in this area have been above historical averages over the past five years.

This was a combined $2,350,00.00 transaction.

Call brokers for more information.

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High-Image Industrial/Flex Facility Sales for 4 Million in Burbank, CA

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties,Industrial Property,Press Release
3401 W Pacific Ave - 6 24 2022

Spectrum Commercial Real Estate Just Closed $4 Million Off-Market Sale of High-Image Industrial/Flex Facility in Burbank, CA.

Burbank, CA – June 24, 2022 – Executive Managing Director Yair Haimoff, SIOR, and Vice President Barry Jakov of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent off-market sale of a high-image Industrial/Flex Facility in Burbank, California.

The approximately 10,000-square-foot industrial facility located at 3401 West Pacific Avenue in Burbank, California has been newly renovated, offering all ground floor space, minimal office layout, one ground-level loading door, and excellent warehouse clearance.

The building is in a prime Burbank Airport location with easy access to public transportation and minutes away from local amenities. The property is surrounded by corporate neighbors such as Warner Bros Studios, Providence Holy Cross, FedEx Shipping Center, Amazon Distribution Center, Walt Disney Studios, Uber Greenlight Hub, Kaiser Permanente Regional Laboratories, and Netflix Animation – with easy access to the 5, 210, 134, and 118 freeways.

According to Barry Jakov, “This was a challenging deal. In June of 2014, the facility suffered significant fire damage and had to undergo environmental remediation. Our team kept in touch with the ownership, and when remediation was close to completion, we successfully sold the asset in an off-market acquisition opportunity to an investor”.

This was a $3,993,600.00 transaction, with Spectrum CRE™ representing both parties.

Call brokers for more information.

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Just Sold: Three Prime Commercial/Retail Land Parcels In Sherman Oaks, CA

Author: Spectrum Commercial Real Estate
Categories: Commercial Real Estate,Press Release
5700 Van Nuys Blvd (Revised) - Land For Sale in Sherman Oaks California

Spectrum Commercial Real Estate Just Closed $7.5 Million Sale of Prime Commercial/Retail Land Site in Sherman Oaks, CA

Sherman Oaks, CA – June 13, 2022 – Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of three prime commercial/retail land parcels located in Sherman Oaks, California.

The three parcels totaling approximately 36,155 square feet are located at 5700 Van Nuys Boulevard in Sherman Oaks, California, and are currently occupied by Keyes Hyundai on a long-term lease. The property allows for future development projects such as office, retail, apartment, or mixed-use projects.

It is very rare to find large blocks of commercial-zoned land in prime areas like Sherman Oaks, especially along major thoroughfares like Van Nuys Blvd. “We were able to secure the site for our client who purchased the property above the asking price”, according to Haimoff.

This was a $7,514,005.00 transaction, with Spectrum CRE™ representing the Buyer.

Call brokers for more information.

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

Author: Spectrum Commercial Real Estate
Categories: Industrial Property,Press Release
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

Author: Spectrum Commercial Real Estate
Categories: Press Release
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

Author: Spectrum Commercial Real Estate
Categories: Commercial Real Estate,Medical Office Building,Press Release
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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