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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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Kaiser Permanente Renews Lease in Valencia

Valencia Executive Plaza at 27201 Tourney Road in Valencia.

Kaiser Permanente Renews Lease in Valencia

Kaiser Permanente has renewed its lease for nearly 11,000 square feet of medical space in Valencia.

Located at 27201 Tourney Road, the property known as Valencia Executive Plaza sits within the Valencia Corporate Center. The office building has undergone recent renovations and features extensive views of the golf course at Valencia Country Club.

Spectrum Commercial Real Estate Inc. in Encino represented the building’s owner, Valencia Executive Plaza LLC of Valencia, in the 10,934-square-foot deal.

Financial details of the transaction were not disclosed.

“This was a high-profile transaction that required attention, patience, and detail to take to the finish line,” said Spectrum Commercial Real Estate Vice President Matt Sreden, who represented the landlord along with Spectrum broker Andrew Ghassemi and Spectrum founder Yair Haimoff.

According to Spectrum, the lease represents one of the largest medical transactions in the Santa Clarita Valley submarket since the second quarter of 2016.

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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.

 

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Randy Cude Joins Spectrum CRE as Executive VP

Randy Cude, Spectrum Commercial Real EstateSpectrum Commercial Real Estate, Inc., is pleased to announce its newest member Randy Cude, who will serve as executive vice president and be based in Spectrum CRE’s headquarter office in Valencia.

As a leading expert in the Santa Clarita and Antelope Valleys Cude brings more than 34 years of commercial real estate experience with a focus in leasing, acquisitions, and dispositions of commercial real estate and institutional portfolio management.

During his extensive career, Cude represented a broad range of organizations and was involved with thousands of assignments.

Prior to Spectrum CRE, Cude was a senior vice president at NAI Capital, where he was a top producing broker year after year during a 13-year tenure.

Cude as a local expert has been recognized and awarded by Santa Clarita Valley Economic Development Corporation and Santa Clarita Valley Business Journal with multiple awards for his outstanding performance in the industry.

“Randy is truly an outstanding individual and a commercial real estate professional with an excellent track record of integriy and success” said Yair Haimoff, executive managing director at Spectrum CRE.

“His personal approch to the business is truly unique. We feel that Randy has the passion, vision and wisdom that will complement and elevate our team and add value to our clients,” Haimoff said.

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 pioneering approach to brokerage services. The firm’s full spectrum of service 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 development, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com