Spectrum Commercial Real Estate Announces Successful $6.2 Million Sale of a Multi-Tenant Industrial Building in Van Nuys, California

Los Angeles, CA – March 22, 2024 – Executive Managing Director Yair Haimoff of Spectrum Commercial Real Estate, Inc., is pleased to announce the successful sale of an industrial investment located at 7653 Burnet Avenue, Van Nuys, California.

The property is an approximately 19,500-square-foot multi-tenant industrial building situated on an approximately 0.89-acre parcel of land and occupied by a single tenant. It features six individual units, multiple ground-level loading doors, a 15-foot warehouse clear, ample power, and two fully fenced and secured parking lots.

The property is in a prime Van Nuys location, one of the most competitive industrial markets in the Greater Los Angeles region. It is easily accessible to the 405 Freeway, Van Nuys Airport, Amenities, Public Transportation, and corporate neighbors.

The escrow period was extremely short, with limited contingencies.

Spectrum CRE represents the buyer.

Call brokers for more information.