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

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties,Warehouse Building
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

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

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties,Industrial Property
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

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

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties,Industrial Property,Office Space,Press Release
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 $2 Million Sale of an Industrial Building in Downtown Los Angeles

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties,Press Release
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

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties
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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SCV Businesses Expand Amid Vaccine Optimism

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties,Press Release
25158 Ave Stanford Santa Clarita

Valencia, CA, December 21 –Businesses in the Santa Clarita Valley are showing signs of optimism for 2021 as Covid-19 vaccinations roll out. Valencia-based Spectrum Commercial Real Estate, Inc., successfully helped Santa Clarita-based manufacturing company, 3D International, LLC, grow its automotive detailing operation by securing additional warehouse space at 25158 Avenue Stanford.

This latest partnership adds an extra 21,660 square feet of industrial warehouse space for 3D International. “This is a testament of our local business owners adapting, pivoting, and thriving during these unprecedented times,” says Yair Haimoff, founder and executive managing director of Spectrum CRE ™. This latest expansion adds to a previous September lease expansion deal of approximately 10,164 square feet signed by 3D International at 25161 Rye Canyon Loop in Valencia, after the company began making hand sanitizers in their facilities.

Haimoff adds, “With the surge of activity we’ve been fortunate to earn the trust of many organizations and entrepreneurs. In the past three months alone, we’ve managed to represent other manufacturing and warehouse/distribution clients secure additional storage facilities as well as help owner-user and investors purchase facilities within the Santa Clarita Valley.”

The latest boost in commercial real estate comes amid burgeoning hopes of the first Covid-19 vaccines being distributed in California and all-time low interest rates. “We are getting a lot of interest from buyers who want to take advantage of the low interest rates but unfortunately there is not enough quality inventory right now so it forces us to search deeper for additional opportunities,” Haimoff says, “You just need the right team on your side to uncover the hidden gems.

About Yair Haimoff

Yair Haimoff holds the prestigious SIOR (Society of Industrial and Office Realtors) designation as Founder and Executive Managing Director of Spectrum CRE ™, a commercial brokerage, property management, and investment advisory service firm specializing in industrial, retail, and office real estate.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia, 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 include tenant and landlord representation, 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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