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.