North Hollywood, CA – May 7, 2021 – Yair Haimoff, SIOR, and Barry Jakov with Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of an industrial complex located in North Hollywood, CA.
Haimoff and Jakov represented the seller. The buyer is an owner/user.
The property is located at 7129-7133 Vineland Avenue in North Hollywood, CA, near the corner of Sherman Way and Vineland Avenue. This site is in a prime North Hollywood location, across the street from a host of amenities and the Hollywood Burbank Airport. It is minutes from Home Depot, a Costco Business Center and a FedEx Ship Center, and it offers easy access to the 170, 134 and 5 freeways.
The industrial complex is comprised of two commercial buildings that make up 13,325 sq. ft. together, with one building at 3,800 sq. ft. and the second building at 9,525 sq. ft. The complex accommodates 7 separate units. The property is situated on an approximately 29,981-square-foot, M2-zoned parcel. The buildings were renovated in 2019, and they feature functional warehouse space, ample power, 7 grade level doors, ample parking and good warehouse clearance.
Haimoff and Jakov received multiple full price offers for the property, showing that interest in multi-tenant properties in the San Fernando Valley has remained strong despite the pandemic. The property ultimately went to the highest bidder, who paid over the asking price.
The industrial complex sold for $3,400,000.
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