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Multi-Tenant Industrial Building Sold in Van Nuys, California

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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High-Image Freestanding Industrial Building Sales for 2.1 Million

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.