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Retail/Automotive Facility Sells for $3.1 Million

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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High-Image Freestanding Industrial Building Sales for 2.1 Million

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

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

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

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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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

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Spectrum Commercial Real Estate Just Closed Sale of Industrial/Office Condominium in Los Angeles

industrial condominium

Los Angeles, CA – September 21, 2021 – Yair Haimoff, SIOR, Barry Jakov, and Zachary Rabinowitz of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of an industrial/office condominium located in Los Angeles, CA.

Haimoff, Jakov, and Rabinowitz represented the seller in this transaction.

The asset is Unit 204 at 1149 S. Boyle Avenue. It is part of a larger Class-A, high-image industrial/office condominium complex known as Dynamic Spectrum. The 9,704-square-foot condominium was constructed in 2009 and is situated on the second floor of the building. The unit features a well-designed, flexible layout with exposed ceilings in the warehouse area. Also, the complex offers gated and secured parking with security cameras and electric gates.

The property is located near the corner of East Opal Street and South Boyle Avenue in the Boyle Heights community. It is adjacent to the Arts District, and it is minutes away from the Fashion District, Little Tokyo, and Staple Center/LA Live. It also offers premium freeway exposure with quick access to the 10, 101, 5, and 60 freeways nearby.

The property sold for $2,900,000.

Please contact the brokers 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 Completed an Industrial Lease with Curve Toys/XR Brands in Valencia

28732 Witherspoon Park

Valencia, CA – August 23, 2021 – Yair Haimoff, SIOR and Andrew Ghassemi of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent 27,818-square-foot lease of an industrial building located in Valencia, CA.

Haimoff and Ghassemi represented the landlord. The Haimoff-Ghassemi team generated multiple offers for this property. Ultimately the ownership decided to proceed with Curve Toys/XR Brands, who were represented by Lee & Associates.

The property features abundant parking, 24’ clear height, a finished mezzanine area, 3,090 square feet of office space, a well-designed office layout, and an extensive and wrap-around window line. It also offers multiple dock-high and ground-level loading areas.

The asset is located at 28732 Witherspoon Parkway, near the corner of Witherspoon Parkway and Avenue Penn. The building is within minutes of amenities including Six Flags Magic Mountain and Hurricane Harbor, recreation sites, restaurants, retail, hotels, and public transportation. The location provides easy access to onramps for I-5 and SR-126.

For more information, please contact the brokers.

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 $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