Spectrum Commercial Real Estate Announces Successful Property Sale/Lease in Southern California.

Spectrum Commercial Real Estate is excited to announce another successful property sale/lease in the Los Angeles County. Our commitment to delivering exceptional results for our clients is evident in this recent transaction. With our extensive expertise in the commercial real estate market, we have facilitated the sale/lease of a prime property, helping our clients achieve their business goals. Our press releases provide a comprehensive overview of the transaction details, including property features, location highlights, and the positive impact it will have on the local market. Stay informed and celebrate our accomplishments as we continue to drive successful real estate transactions. Trust Spectrum Commercial Real Estate for your property sale/lease needs, and stay tuned for our next press release, showcasing our commitment to excellence in the industry.

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Medical Office Building in Moorpark, CA Sells for 3.5 Million

145 Park Lane, Moorpark CA

Moorpark, CA – July 1, 2023 – Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of a medical office building located at 145 Park Lane in Moorpark, California, for a purchase price of $3.5 million.

Situated in a prime Moorpark location, the subject Property is an approximately 15,463 square foot high-image multi-tenant medical building that is situated on an approximately 40,772 square foot commercial parcel built in 2007. The property features a modern architectural design, an impressive lobby, and common areas, elevator served, and multiple medical suites with various configurations.

The surrounding amenities, such as the Moorpark Town Center and Village Retail Shopping Center, along with convenient access to the 118 and 23 Freeways, significantly contribute to the overall desirability of the vibrant Moorpark community. These amenities provide convenient shopping, dining, and entertainment options, making it a highly attractive location for residents and visitors alike.

The Buyer, an owner-user, will be expanding its operation and will occupy a portion of the building and lease the balance of the building to other medical users.

Call brokers for more information.

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Two Industrial Buildings Sells for 2.2 Million in Northridge, CA.

8649 Darby Avenue and 18412 Eddy Street in Northridge

Northridge, CA – July 1, 2023 – Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of two industrial buildings located at 8649 Darby Avenue and 18412 Eddy Street in Northridge, California.

The two properties total approximately 10,500 square feet combined and are situated on two legal parcels that total approximately 15,124 square feet. The properties feature well designed layout, multiple loading doors, ample power and fenced and secured parking lot.

The properties are located in prime Northridge location. It is within minutes to amenities, Northridge Fashion Center, Cal State Northridge, Freeway Onramps and easy access to other parts of the San Fernando Valley.

The Buyer is an investor who will renovate the Properties and offer the buildings for lease.

Spectrum CRE™ represented the Buyer. This was a combined $2,222,000.00 transaction.

Call brokers for more information.

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High-Image Flex Building Sales for $4.2 Million in Valencia, CA

28528 Industry Dr

Spectrum Commercial Real Estate Just Closed 5-DAY ESCROW – ALL CASH $4.2 Million Sale of Flex Building in Valencia, CA

Valencia, CA – September 7, 2022 – Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., and his team are pleased to announce the recent sale of a high-image flex building located in Valencia Commerce Center in Valencia, California.

The subject property located at 28528 Industry Drive is an approximately 15,790-square-foot single-story high-image flex building situated on approximately 1.8 acres. The property was previously occupied by a bank operations center and features a well-designed office layout with high-end finishes, high ceilings, fire sprinklers, fiber optics, many security features, a backup generator, over 4/1,000 parking ratio, and additional land for possible building expansion.

According to Yair Haimoff, “This was an extremely fast escrow as the Buyer needed to meet a 1031 exchange deadline. Both Buyer and Seller had to work extremely hard to meet the closing deadline.”

Given the extremely low industrial/flex vacancy rate, attractive building features, expansion possibilities, surrounding amenities, and easy access to the 126 and I-5 freeways, this was an attractive purchase opportunity for our client.

The Buyer, an investor, retained Spectrum CRE™ to continue as the Leasing Broker for the newly acquired asset.

The property sold for $4,178,517.00, with Spectrum CRE™ representing the Buyer and Jones Lang LaSalle Americas, Inc. representing the Seller.

Call brokers for more information.

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Two Industrial Building Sale for 2.2 Million in Panorama City, CA

Properties-for-sale

Spectrum Commercial Real Estate Closed $2.2 Million Sale of Two Industrial Buildings in Panorama City, CA

Panorama City, CA – August 8, 2022 – Executive Managing Director Yair Haimoff, SIOR, and Vice President Barry Jakov of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of two adjacent industrial buildings in Panorama City, California.

Spectrum CRE™ facilitated a record sale of two contiguous industrial buildings at 13942 Saticoy Street and 13938 Saticoy Street in Panorama City, California. The Properties were purchased by a single buyer who paid all cash.

Each building is approximately 2,075 square feet and situated on two separate 6,000 square foot parcels that share a driveway and are fenced and secured.

The subject properties are centrally located, just minutes from Van Nuys, Chandler Valley Center Studios, Kaiser Permanente, The Plant Shopping Center, Home Depot, Walmart, and across the street from Quixote Studios – perfectly situated between the 405, 170, and 101 Freeways.

“Our team worked creatively to secure both properties for our client in two separate all-cash transactions,” said Jakov.

“Our client first purchased 13938 Saticoy Street and expressed interest in the adjacent property located 13942 Saticoy Street. We subsequently contacted the owner and secured the property for our client.”

Spectrum CRE™ represented both parties. This was a combined $2,222,000.00 transaction.

Call brokers for more information.

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High-Image Industrial/Flex Facility Sales for 4 Million in Burbank, CA

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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Just Sold: Three Prime Commercial/Retail Land Parcels In Sherman Oaks, CA

5700 Van Nuys Blvd (Revised) - Land For Sale in Sherman Oaks California

Spectrum Commercial Real Estate Just Closed $7.5 Million Sale of Prime Commercial/Retail Land Site in Sherman Oaks, CA

Sherman Oaks, CA – June 13, 2022 – Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of three prime commercial/retail land parcels located in Sherman Oaks, California.

The three parcels totaling approximately 36,155 square feet are located at 5700 Van Nuys Boulevard in Sherman Oaks, California, and are currently occupied by Keyes Hyundai on a long-term lease. The property allows for future development projects such as office, retail, apartment, or mixed-use projects.

It is very rare to find large blocks of commercial-zoned land in prime areas like Sherman Oaks, especially along major thoroughfares like Van Nuys Blvd. “We were able to secure the site for our client who purchased the property above the asking price”, according to Haimoff.

This was a $7,514,005.00 transaction, with Spectrum CRE™ representing the Buyer.

Call brokers for more information.

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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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Spectrum CRE™ is Pleased to Announce the Promotion of Randy Cude to Managing Director

Randy Cude

Santa Clarita, CA – February 25, 2022 – Spectrum Commercial Real Estate, Inc. has promoted Randy Cude to Managing Director of its Santa Clarita Valley office.

Randy Cude started his career following the footsteps of his father, working on construction projects where he learned real estate from the ground up. Randy has been a licensed real estate agent for nearly thirty years – working with a broad range of organization and involved with thousands of assignments.

In his role as Executive Vice President, Randy was instrumental in the evaluation, sales, property management and marketing of hundreds of properties for more than twenty-five institutional lenders. He has represented tenants and landlords and has been involved in the planning and development of ground-up retail projects.

Prior to joining Spectrum CRE™, Randy was a Senior Vice President at NAI Capital, where he was a top producing broker year after year during his 13-year tenure.

As a local expert, Randy Cude 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 integrity and success. With Randy’s vision, passion, and organizational skills, we are confident he will elevate our team and increase productivity in our Santa Clarita Valley Office.” Says Executive Managing Director, Yair Haimoff.

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Medical Office Building in Prime Santa Monica Location Sells for $6 Million

1227 Lincold Blvd, Santa Monica California

Santa Monica, CA – February 11, 2022 – Senior Vice President Andrew Ghassemi and Executive Managing Director Yair Haimoff of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a Medical Office Building located in the City of Santa Monica, California.

Spectrum CRE™ represented the Buyer and Coldwell Banker Commercial represented the Seller in the transaction.

Built in 1959, this freestanding 6,630 square foot Owner/User boutique medical office is located at 1227 Lincoln Boulevard, in the city of Santa Monica, CA. The building is currently at ±50% vacancy and features six medical suites, abundant surface parking, elevator access, storage, skylights, recent common area upgrades and a café on the ground floor.

The property is centrally located just south of the Wilshire and Lincoln signalized intersection – a few blocks from the Third Street Promenade, Santa Monica Place Mall and the Santa Monica Pier.

“Our client wanted to purchase a medical office building in the City of Santa Monica, however the low inventory for medical buildings made it difficult to find a suitable location” said Yair Haimoff. “After touring and negotiation on multiple facilities we finally located this building which met most of our clients’ building parameters.”

Despite the pandemic, the second half of 2021 saw an uptick in occupier interest. In the fourth quarter Los Angeles West dominated leasing with activity at 40% across the Greater Los Angeles area. Santa Monica saw the bulk of transactions from the tech and entertainment industry accounting for some of the largest deals of the quarter.

This Office building sold for $5,900,000.00.

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.