10717 Vanowen St - Warehouse FOR SALE


North Hollywood, CA 91605
$14,000,000 USD
213-446-7543
10717 Vanowen St, North Hollywood, CA for Sale
$14,000,000 USD
Warehouse - FOR SALE
1/5
null | 6% Cap Rate

10717 Vanowen St
North Hollywood, CA 91605


HIGHLIGHTS

  • HIGH QUALITY INDUSTRIAL FACILITY TOTALING 36,407 SF
  • 100% LEASED TO EXTREMELY COMMITTED TENANT THROUGH JANUARY 2029

OVERVIEW

HIGH QUALITY INDUSTRIAL FACILITY TOTALING 36,407 SF * 2 dock high & 2 ground level doors, ample auto parking and rare 100% HVAC * Earthquake retrofitting in warehouse * M2 zoning * 1,200 amps of power 100% LEASED TO EXTREMELY COMMITTED TENANT THROUGH JANUARY 2029 * Pacific Title Archives is a film & video media asset management company * Mission critical location for the tenant situated in the heart of the entertainment industry * Long standing tenant in the building since 2008 (15 years) * Excellent mark to market opportunity with below market rents and 5.0 years WALT STRONG INDUSTRIAL MARKET DYNAMICS * 18% average annual rent growth since 2018 in the Greater San Fernando Valley with the lowest vacancy rate out of all L.A. submarkets at 1.2% * North Hollywood has maintained an average industrial vacancy of 0.82% for the last 10 years and recorded 24.4% YoY rent growth in Q4 2023 STRATEGIC SOUTHERN CALIFORNIA LOCATION WITH PROXIMITY TO MAJOR FREEWAYS & AIRPORTS * The Media District is the unrivaled epicenter for the entertainment industry making this a critical location for PTA. The area is home to Disney/ABC, NBC/Universal, WarnerMedia, Dreamworks, and over 1,000 media-related companies * The property is adjacent to Hollywood Burbank Airport and provides immediate access to Interstate 5 * The site has proximity to more than 9 million people within 30 miles and over $14 billion in e-commerce sales annually within a one hour drive

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.71

LAND SF

74,488

ZONING

M2

APN/PARCEL ID

2466-017-025

ASK ABOUT THIS PROPERTY

Mark ShafferCBRE, Inc.More Info
213-446-7543

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Mark ShafferCBRE, Inc.More Info
213-446-7543

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.