Marcus & Millichap is pleased to present the opportunity to acquire the property located at 12330 to 12340 Montague Street in Pacoima, California, anchored by MOC Products Company, Inc. The subject property consists of approximately 40,000 square feet of warehouse space and is situated on 1.37 acres of land. The asset features two connecting suites for single or multi-tenant use, six operational grade-level doors, two HVAC units, 35 parking spaces, and three-phase power with 100 to 400 amps and 120 to 480 volts. Supported by an open-span truss system, the bowed roof can accommodate storage stacking above the minimum 12’ clear height. Equipped with a double-wide truck well in the rear of the property, both units have access to dock-high cargo handling. Located between Interstates 5 and 210, the property has proximity to Hollywood Burbank Airport. With 50 percent occupancy on short-term lease, this sale offers buyers a lease-up or owner-user opportunity. In business since 1974, MOC Products manufactures and distributes over 300 professional car-care products throughout the U.S., Latin America, and numerous foreign nations. The property is located in East San Fernando Valley, a massive submarket with 55.3 million square feet of industrial space. Due to a lack of available land, the submarket’s inventory is essentially fixed, expanding by less than 1 percent since the turn of the century. As a result, East San Fernando Valley has historically enjoyed some of the lowest vacancy rates in the nation. However, with net absorption in negative territory over the last three years, availability has been trending higher. In 2024, demand contracted by a 20-year low of -623,000 square feet but was slightly offset by -84,000 square feet of demolitions on net. Consequently, the vacancy rate increased 100 basis points to a 10-year high of 3.6 percent but remained well below the Los Angeles market average of 6.0 percent and the 7.0 percent national average (top 50 metros, minimum 10,000 square feet). The increase in vacancies weighed on rent growth as market lease rates fell by -3.9 percent to average $20.10 per square foot. With no industrial properties under construction in East San Fernando Valley at the start of 2025, demand will continue to be in the driver’s seat of vacancies and rent growth for the foreseeable future (CoStar). The Los Angeles metropolitan area is home to a diverse population of 10.1 million, including over 4 million residents within city limits. The second largest city in the U.S. boasts an 81-mile coastline along the Pacific Ocean and is encircled by the picturesque Santa Monica and San Gabriel mountains, including the towering Mount San Antonio. Simply known as L.A., the city features a well-connected transportation network, including major interstates, Amtrak, Metrolink, and Los Angeles International Airport (LAX). The entertainment industry, nine Fortune 500 companies, and a prominent aerospace sector drive the economy. Los Angeles’ industrial activity is anchored by the Ports of L.A. and Long Beach which play a major role in the domestic supply chain as the leading point of imports from East Asia. With a growing population and high home prices, Los Angeles remains a vibrant and culturally rich metropolis.