Spectrum Commercial Real Estate, Inc. Represented the Buyer and Seller in the Sale of a 7,499 SF Industrial Land Parcel in Van Nuys
Van Nuys, CA – September 21, 2020 – Yair Haimoff, SIOR, and Barry J. Jakov, commercial real estate brokers with Spectrum CRE ™ are pleased to have represented the Seller and Buyer in the sale of a M1 zoned land parcel in Van Nuys, California.
Located at 7029 Valjean Avenue, the property is an approximate 7,499 square foot parcel of land that is situated within the highly desirable Van Nuys Airport vicinity. It is located less than one mile from the 405 freeway onramp and is within close proximity to Van Nuys Flyaway, Van Nuys Golf Course, Balboa Park and many amenities.
The Buyer was attracted to the Property for its development potential and intends to construct its new headquarters on the Property.
Barry and Yair were able to negotiate the transaction within a short period of time and successfully navigate it to a successful close during an unprecedent time for small business lenders. Final sale price was $885,000.
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 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