No Comments

Spectrum Commercial Real Estate Just Closed $2.7 Million Sale of an Office Building in Valencia, CA

28015 Smyth Dr, Santa Clarita, CA 91355

Valencia, CA – January 11, 2022 – Executive Vice President Randy Cude and Vice President Matt Sreden of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of an office building located in the City of Valencia, California.

Spectrum CRE™ represented the Buyer and Seller in the transaction.

This ±7,383 square foot freestanding office building is located along the prestigious Smyth Drive at 28015 Smyth Drive, Valencia, California, in Highridge Business Park. The Property features nine private executive suites, large open bay, conference room, reception area, kitchen, and storage area.

The property has a high image corporate identity and a campus environment, located near restaurants, daycare, and minutes away from the Valencia Town Center.

The office market has seen a rise in vacancy rates and lower asking rents in the third quarter of 2021 compared to 2020. However, the office market has shown signs of promise and macroeconomic indicators remain optimistic.

The Buyer, an Owner/User, plans on occupying a percentage of the building and converting the remainder of the building into high-end executive office suites. Randy Cude and Matt Sreden were able to negotiate a Leaseback for the Sellers to occupy a portion of the building.

This office building sold for $2,675,000.00.

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

No Comments

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

No Comments

Spectrum Commercial Real Estate Just Closed the Sale of a Retail/Office Building in Burbank, CA

Office Building for Sale

Burbank, CA – September 23, 2021 – Isaac Haimoff of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of a building located in Burbank, CA.

Haimoff represented the seller in this transaction.

The asset is a rare two-unit retail/office building located at 3804 West Burbank Boulevard. The building provided the opportunity for an owner-user/investor to occupy one unit and collect rental income on the second unit.

The property is located in a prime Burbank location near the corner of West Burbank Boulevard and North Screenland Drive. It is within close proximity to downtown Burbank, the NoHo Arts District, major retailers, shops, and restaurants. It is also minutes from Hollywood Burbank Airport, two Metrolink stations, and the 5, 134, and 170 freeways.

The property sold for $1,165,000.

Please contact the 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

No Comments

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

No Comments

Spectrum Commercial Real Estate Just Completed an Office Lease with DeVry University in Encino

15531 Ventura Blvd - Office Lease

Encino, CA – August 10, 2021 – Yair Haimoff, SIOR, Andrew Ghassemi, and Matt Sreden of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent 10,111-square-foot lease of office space located in Encino, CA.

Haimoff, Ghassemi, and Sreden represented the landlord. Newmark Grubb Knight Frank represented the tenant, DeVry University, Inc. DeVry University is a higher education institution that offers degree programs at the undergraduate and graduate levels in areas including technology, business, and healthcare management.

DeVry University leased the entire ground floor of this 53,225-square-foot, three-story Class-A office building. The building recently underwent a complete renovation, including new elevators and a renovated common area—a shared open atrium courtyard.

The property, Atrium in Encino, is located at 15531 Ventura Blvd., at the corner of Ventura Boulevard and Firmament Avenue, adjacent to UCLA Health. The building has prominent street exposure along Ventura Boulevard and is within walking distance from many amenities such as Sherman Oaks Galleria, restaurants, shops, fitness centers, daycare centers, and hotels. The location provides easy access to 101 and 405 freeway on ramps.

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

No Comments

Spectrum Commercial Real Estate Just Closed Sale of Office/Flex Building in Valencia

28318 Constellation Road, Valencia CA

Valencia, CA – July 14, 2021 – Yair Haimoff, SIOR and Andrew Ghassemi of Spectrum Commercial Real Estate, Inc., are pleased to have represented the seller in the recent sale of this ±4,828-square-foot office/flex condo in a prime Valencia location.

The sale was an all-cash, quick-close owner-user deal.

The asset is an office/flex condominium situated within the prestigious Discovery Gateway Spectrum I.

The building is located at 28318 Constellation Road. The property is a high-image, state-of-the-art facility, and it features a well-designed office layout with floor-to-ceiling windows and panoramic views of the Santa Clarita Valley.

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 $1,395,292.

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

No Comments

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

No Comments

Spectrum Commercial Real Estate Just Closed Sale of Retail Building in Montebello, CA

Beverly Montebello, Retail Building in Montebello

Montebello, CA – July 9, 2021 – Yair Haimoff, SIOR and Zachary Rabinowitz of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a retail center located in prime Montebello, CA.

Haimoff and Rabinowitz represented the buyer in this investment sale.

The asset consists of two buildings located at 2537 West Beverly Boulevard. The buildings were built in 1982 and renovated in 2011. There is one single-story building and one two-story multi-tenant building, and in total the property is made up of four retail storefronts, four office spaces, and a detached fast-food restaurant. The area of the buildings is 6,200 sq. ft., and they sit on a 10,196-square-foot parcel. The property is in a prime corner location with high visibility. The buildings are fully leased out.

The property is located near the signalized corner of West Beverly Boulevard and North Hay Street. It is in a prime Montebello location in close proximity to Quiet Cannon, Citadel Outlets, public transportation, restaurants, shopping, and parks. This location provides easy access to the I-5, I-710, and SR-60.

The property sold for $1,450,000.

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

No Comments

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

No Comments

Spectrum Commercial Real Estate Just Closed Sales of Two Multi-Family Buildings in Los Angeles

Multi Family Buildings in Los Angeles

Los Angeles, CA – July 9, 2021 – Yair Haimoff, SIOR, Executive Managing Director of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of two multi-family buildings located in prime West Los Angeles, CA.

Haimoff represented the buyer on the portfolio sale.

The first building is a six-unit, two-story investment property located at 1224 South Barrington Avenue. It is approximately 8,992 sq. ft., and it is situated on an approximately .14-acre, LAR3-zoned parcel. The building is comprised of five two-bedroom units and one penthouse three-bedroom unit that spans a full floor. The structure was built in 1973, and it presents a value-add opportunity with the potential to increase rents after interior renovations.

The Barrington property is located near the corner of Barrington Avenue and Wilshire Boulevard. It is in a prime West Los Angeles location minutes from UCLA, Santa Monica Pier, Santa Monica Municipal Airport, and the Getty Center. This site is close to a host of amenities located in Westwood Village, Sawtelle Avenue Japan-town, and Santa Monica. This location provides easy access to the I-405 freeway and Pacific Coast Highway.

The second building is a five-unit, two-story investment property located at 10360-10364 Ashton Avenue. It is approximately 4,113 sq. ft., and it is situated on an approximately .11-acre, LARD 1.5-zoned parcel. The building is comprised of four one-bedroom units and one two-bedroom

unit. The structure was built in 1941, and it presents the potential to grow current rents through renovation.

The Ashton property is located near the corner of Ashton Avenue and Beverly Glen Boulevard. This property is also in a prime West Los Angeles location minutes from UCLA, the Los Angeles Country Club, Rodeo Drive, Westfield Century City, and Cedars-Sinai Medical Center. This location provides easy access to SR-2 and I-405.

The buildings sold for a combined purchase price of $6,800,000.

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