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Sun Valley Warehouse Sells for $2 Million

An industrial property has sold for $2.06 million, or $339 a square foot.

Spectrum Commercial Real Estate Inc. represented both seller and buyer in the sale of the multi-tenant building. Spectrum Vice President Matt Sreden represented the seller in the transaction, while Senior Associate Barry Jakov and Executive Managing Director Yair Haimoff represented the buyer.

Industrial Property in San Valley, California

The industrial building at 11841 Sheldon Street has easy access to the 5, 210 and 118 freeways. The structure, which sits on a 22,223 square-foot lot and consists of one building with five units ranging from 870 to 1,828 square feet, totals approximately 6,080 square feet. It features five ground level loading doors and has a gated lot.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia, is a full service commercial real estate firm.

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Spectrum CRE locks in three transactions for industrial, retail, office space

Spectrum CRE locks in three transactions for industrial, retail, office space.

Spectrum Commercial Real Estate Inc. announced Wednesday its completion of three transactions for office, industrial and retail space in Santa Clarita, totaling at nearly $5 million.

Yair Haimoff, commercial real estate advisor and Spectrum CRE founder, and his team represented the buyers in the transactions and the seller in one of the business deals, according to a news release by Spectrum CRE.

Retail

For $1.2 million, investor and developer HIG LLC purchased a property currently occupied by Sandcastles Childcare Center from seller Bethlehem Lutheran Church.

The property is comprised of a 3,120-square-foot, freestanding commercial building located within a nearly 30,000-square-foot commercial zoned parcel at 27303 Luther Drive.

The property was purchased as an investment hold and future development, the release read.

Office

Spectrum CRE represented HWF Investment Group LLC, in the purchase of a Class A building of about 5,000 square feet for $1.5 million.

The property is located within the Centre Pointe Business Park on 26531-26535 Summit Circle. HWF Investment Group intends to use the space for its corporate headquarters, Spectrum CRE said in the release.

Industrial

Aerospace manufacturer NaKi LLC closed in on a purchase for a more than 10,000-square foot, free-standing industrial building in Valencia for $2.2 million.

Spectrum CRE officials said the buyer plans to relocate from Santa Fe Springs and occupy the property, which is situated on a business park at 24930 Avenue Tibbitts.

“This was a challenging purchase as there is (an) extremely limited supply of this product and buyer had to compete with three other offers,” the release read.

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Bakery Leases New Headquarters at Warner Center

Bakery Leases New Headquarters at Warner Center

An upscale baked goods producer and café has signed a 15,757-square-foot deal on a Warner Center facility that will become the company’s new manufacturing space.

Spectrum Commercial Real Estate Inc. leader Yair Haimoff represented tenant Wildflour Bakery & Café and Lessor 26 Califa LLC. in the industrial/office complex lease.

The property, located at 21160 Califa St. in Woodland Hills, will be utilized by Wildflour Bakery & Café of Agoura Hills as its new baking facility while the Conejo Valley company retains its café in Agoura Hills.

Owned by Gregory Yulish, Wildflour produces and delivers baked goods directly to big box retailers and restaurants nationwide. The company will move into the Warner Center space during the third quarter.

Founded in 2018 by Haimoff, Spectrum Commercial Real Estate Inc. is a full-service commercial real estate firm in Valencia.

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NoHo Industrial Property Sells for $5.1 Million

7525 Ethel Ave. in North Hollywood.

NoHo Industrial Property Sells for $5.1 Million

A single-story, eight-unit industrial property at 7525 Ethel Ave. in North Hollywood has sold for $5.1 million, or $222 a square foot, according to brokerage Spectrum Commercial Real Estate Inc.

Constructed in 1973, the property consists of a roughly 22,500-square-foot concrete tilt-up multi-tenant building situated on just over 2 acres.

The units, which range from 1,640 to 2,854 square feet, feature 13-foot-minimum warehouse clearance, ample power, fenced and secured parking area, easy loading and ample parking.

Spectrum Commercial Real Estate’s founder Yair Haimoff represented the undisclosed buyer.

Formed in 2018, Spectrum Commercial is headquartered in Valencia.