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

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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San Fernando, CA: Six-Year Lease for Rare Food Manufacturing Facility

1516 - 1606 1st St

San Fernando, CA – February 15, 2022 – Executive Managing Director Yair Haimoff, SIOR with Spectrum Commercial Real Estate, Inc., just completed a 23,925 square foot lease of a food manufacturing facility, located in San Fernando, CA.

This 23,925 square foot property is located at 1530-1606 1st Street in the city of San Fernando, California. The building is currently used as a food manufacturing facility and features multiple coolers, food prep areas, washrooms, floor drains throughout, and a large lot with private gated concrete yard. The building has heavy electrical power with additional expansion possibilities.

The City of San Fernando is surrounded by Los Angeles cities like Sylmar, Lake View Terrace, Pacoima, and Mission Hills. It is served by Interstate 5, 210, 118 and 405 freeways.

“Our client needed additional space to grow its food manufacturing operation, however, it was extremely difficult to find additional space due to the low vacancy rate of Industrial product, especially food manufacturing facilities.” said Yair Haimoff, “Some of our food users give up on looking for existing food use facilities and focus on converting general industrial space into food uses. However, the cost of converting industrial space into food manufacturing is extremely expensive and the process is very long. Once this property came on the market, we needed to act quick and place an offer. The negotiations went smoothly, and we were successful in securing a long-term lease.”

Industrial sales have been vigorous during the pandemic, and the demand for refrigerated warehouse space has seen a flood of investments pouring in due to the demand for grocery deliveries and meal kit companies. Reports show that cold storage properties accounted for $2 billion in sales volume in 2021.

Yair Haimoff represented the Tenant and Greg Geraci with Colliers International represented the Landlord.

For more information, please contact the brokers.

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Spectrum Commercial Real Estate Just Completed 20,034 SF Industrial Lease in Van Nuys, CA

14650 Calvert St

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

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High Demand Industrial Building Sells for $3.1 Million in North Hollywood

7306 Varna Ave, North Hollywood CA

North Hollywood, CA – January 19, 2022 – Executive Managing Director Yair Haimoff of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of an Industrial building located in the City of North Hollywood, California.

Spectrum CRE™ represented the Seller in the transaction.

This freestanding 7,899 square foot industrial building is located at 7306 Varna Avenue, in the City of North Hollywood, situated on a M2 zoned parcel. This completely renovated building can be divisible into multiple units – an excellent owner-User/ Investment opportunity. It features ample power, ample parking, multiple loading doors and a fenced and secured yard.

“The unprecedented demand for Industrial buildings coupled with the limited supply in the San Fernando Valley made this property attractive to multiple buyers looking for a M2 zoned building” Haimoff said of the deal. “This building in particular was very appealing to buyers looking to occupy a portion of the building and lease out the remainder of the units.”

The industrial market attracted the most investments in 2021, significantly outpacing office and retail heading into 2022. This year will see investors move in the direction of promising rent growth, like warehouses and biotech properties as well as multi-family/apartments.

This industrial building sold for $3,100,000.00.

Call brokers for more information.

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

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Spectrum Commercial Real Estate Just Closed $2 Million Sale of Industrial Building in Huntington Park, CA

Industrial Building for Sale in Hunting Park

Huntington Park, CA – January 4, 2022 – Senior Vice President Andrew Ghassemi of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of an Industrial building located in the City of Huntington Park, California.

Spectrum CRE™ represented the Buyer in the transaction.

This freestanding 7,089 square foot manufacturing/warehouse is located at 2438 East 55th Street, in the City of Huntington Park, situated on a M2 zoned lot. The property features two beautifully renovated offices with a bonus mezzanine, a warehouse with exposed wood beams, and multiple ground level loading doors.

The industrial market has seen an influx in demand since the pandemic. With high demand and low supply, finding an industrial space can be challenging, but Andrew Ghassemi was able to negotiate a fair price for his client and close the deal.

“Lack of desirable properties in the Valley forced my client to consider other areas and I’m thrilled to have been able to locate this art deco style property to meet their expanding requirements.

The Buyer intends to further restore the building to its original 1925 glory.”, Ghassemi said of the deal.

This industrial building sold for $1,945,000.00.

Call brokers for more information.

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

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Spectrum Commercial Real Estate Just Closed $1.7 Million Sale of Industrial Warehouse in San Fernando, CA

758 Arroyo Street, San Fernando CA 91340

San Fernando, CA – December 8, 2021 – Executive Managing Director Yair Haimoff, SIOR and Senior Associate Barry Jakov of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of an Industrial Warehouse located in the City of San Fernando in California.

Spectrum CRE™ represented the Buyer in the transaction.

This freestanding 5,500 square foot industrial building located at 758 Arroyo Street in the City of San Fernando, is situated on a fenced and secured M2 zoned lot and features, flexible floor plan, three ground level loading doors, an efficient open warehouse configuration, ample power, and divisible into two units.

The Property is situated near public transportation, cultural arts, education institutions, and excellent local dining amenities. Additionally, the property has rapid access to the 118, 405, and 210 Freeways.

“There is currently an unprecedented lack of industrial inventory in the entirety of the San Fernando Valley,” said Jakov, “our owner-user client was motivated by a competitive price, the attractive location, and expanding business opportunities in the area.”

Given the current market, Spectrum CRE™ was pleased to complete the sale of this rare industrial opportunity.

Call brokers for more information.

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

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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 Sale of Industrial/Office Unit in Valencia

28338 Constellation Unit 900

Valencia, CA – July 2, 2021 – Matt Sreden, Vice President of Spectrum Commercial Real Estate, Inc., is pleased to have represented the buyer in the recent sale of this ±6,640 sq. ft. industrial/office condo in a prime Valencia location.

This is the buyer’s third acquisition within the business park in recent years; the buyer plans on converting this property into high-end professional executive office suites.

The asset is a high-image, Class-A industrial/office condominium complex located in the prestigious Rye Canyon Pointe.

The building is located at 28338 Constellation Road, D-1, Unit 900. The property was built within a master-planned business park in 2006, and it boasts a well-designed ±75% office configuration with floor-to-ceiling windows and an incredible view of the Santa Clarita Valley. The unit is in a prime corner location that offers high visibility.

The property is located near the corner of Constellation Road and Alta Vista Avenue. It is within minutes from Valencia Town Center amenities, restaurants, fitness centers, daycare centers, golf courses, the Hyatt Hotel and Conference Center, and the new Newhall Ranch Development (20,000 +/- residential units). Also, it provides easy access to I-5, SR-14, and SR-126.

The property sold for $1,800,000.

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 $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