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Multi-Tenant Industrial Building Sold in Van Nuys, California

Author: Spectrum Commercial Real Estate
Categories: Industrial Property
7653 Burnet Ave - Building Photo

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.

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Just Sold $6.7 Million Multi-Tenant Industrial Complex in Van Nuys, CA

Author: Spectrum Commercial Real Estate
Categories: Industrial Property
14701-14721 Oxnard St - Main Photo - 3 5 2024

Spectrum Commercial Real Estate Announces Successful
$6.7 Million Sale of a Multi-Tenant Industrial Complex
in Van Nuys, California

Van Nuys, CA – February 20, 2024 – Executive Managing Director Yair Haimoff, SIOR of Spectrum
Commercial Real Estate, Inc., is pleased to announce the recent sale of a multi-tenant industrial
complex located at 14701-14721 Oxnard Street, Van Nuys, California.

The multi-tenant 20-unit industrial complex consists of two buildings totaling approximately
24,768 square feet and is situated on approximately 1 acre of M2-zoned land.

The property is in a prime Van Nuys location and offers a strategic location with easy access to
major transportation routes and amenities.

Spectrum Commercial Real Estate represented the Buyer in this off-market transaction.

This transaction showcases our commitment to delivering exceptional value to our clients and
highlights our expertise in facilitating complex real estate deals.

Call brokers for more information.

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High-Image Freestanding Industrial Building Sales for 2.1 Million

Author: Spectrum Commercial Real Estate
Categories: Commercial and Industrial Properties,Industrial Property
7059 Valjean, Van Nuys, California.

Van Nuys, CA – May 22, 2023 – Spectrum Commercial Real Estate, Inc. is pleased to announce the recent sale of a high-image freestanding industrial building at 7059 Valjean Avenue, Van Nuys, California. Executive Managing Director Yair Haimoff and Vice President Barry Jakov successfully completed the transaction.

The subject property is an approximately 4,400 square-foot high-image freestanding industrial building on an approximately 7,500 square-foot gated parcel. Built in 2000, the property features modern construction, a well-designed layout with high ceilings, ample power, and an electronic gate.

The property is adjacent to Van Nuys Airport and is near Van Nuys Flyaway, FedEx, and UPS Distribution Center and offers businesses access to key amenities and transportation hubs. In addition, its prime location provides easy accessibility and quick access to freeway on-ramps.

Despite the current market conditions and interest rate increases, the industrial market remains steady. This sale highlights Spectrum Commercial Real Estate, Inc.’s ability to identify valuable opportunities and deliver successful outcomes.

This was a $2,165,000.00 transaction, with Spectrum CRE ® representing the Buyer and Seller.

Contact Brokers for more information.

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Bold Commercial Real Estate Investment

Author: Spectrum Commercial Real Estate
Categories: Commercial Real Estate,Commercial Real Estate Broker,Commercial Real Estate Investment
Bold Commercial Real Estate Investment

Bold Commercial Real Estate Investment

With tax laws tailored to favor the bold, investments in commercial real estate is how the ultra-wealthy make money.

We now know that about 80% of millionaires contribute their financial success to real estate and that savvy investors place their claims in the commercial sector.

Yet, the market’s accessibility does not end at the wealthy elite.  With a dynamic range of financing options commercial real estate is obtainable to anyone with the drive for success.

Commercial real estate, an attractive option for all involved.

CRE buildings attract long-term tenants, which translates into a secure and consistent cash flow. Businesses benefit from steady long-term leases, since it establishes them in the community, and offers stability for their employees.
Long-term leases have the added benefit of being more favorable to banks, should you decided to sell or refinance your CRE property.

Scale economy, more units; less money (overall).

By owning a multi-unit building, you can negotiate more favorable contracts with outside vendors and maintenance teams.

This benefit is directly proportionate to the number of units available in a building, which drives down prices and causes companies to directly compete for your business; you can even decrease expenses by re-negotiating operating cost.

The flexible nature of CRE investments allows for clever amortization of big expenses, which means lowered long-term cost and better quarterly returns.

Did you know?

The IRS has given CRE owners many tools to help drive down taxes on their properties. One such tool is depreciation.
CRE buildings will start to depreciate at 27.5 years, and you can remove a portion of the building’s depreciation value from your yearly profits, lowering the amount of taxable income.
This is effect can be furthered by a cost segregation study, which allows you to accelerate depreciation value on tangible assets such as appliances, carpets, and light fixtures, to name a few.
 
In short, commercial real-estate is the sure-fire way to increase your ROI. Let us examine how we can put cash back in your wallet.

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Contact Us, Spectrum Commercial Real Estate

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