Van Nuys, CA – January 24, 2022 – Executive Managing Director Yair Haimoff, SIOR with Spectrum Commercial Real Estate, Inc., just completed a 20,034 square foot lease of an industrial building, located in Van Nuys, CA.
The property, located at 14650 Calvert Street in the city of Van Nuys, California, is comprised of two industrial buildings that is situated on a large lot. The buildings feature two wide rear loading doors, fenced and secured parking, 15’ minimum warehouse clearance, ample power and large covered loading and storage work areas. The property is in a prime Van Nuys location, adjacent to Sherman Oaks, and only 1.5 miles from the 405 freeway.
In 2021 the industrial market rent growth rose 5%, outperforming other sectors. Economists predict that the industrial market will continue its upward trajectory in 2022, although the supply chain delays, and all-around price increases could have some effect on the industrial market.
“We had quite a bit of activity on this property due to a very low vacancy rate and high demand for this type of product”. said Yair Haimoff. “This is a unique property, comprised of two industrial buildings and situated on a large lot with multiple entry points which is ideal for the tenant.”
Yair Haimoff represented both parties in the transaction.
For more information, please contact the brokers.
About Spectrum Commercial Real Estate, Inc.
Spectrum CRE™ was founded in 2018, headquartered in Valencia, with offices in Woodland Hills, Encino and Century City, California. We are a full service commercial real estate firm offering clients personalized service, local knowledge, and a pioneering approach to brokerage. The firm’s exceptional brokerage services include 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 property management. For more information, visit www.Spectrumcre.com