The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present a rare opportunity to acquire a highly desirable automotive-use commercial building located in the city of Van Nuys (Los Angeles). Due to the variety of auto-related uses the building can accommodate (body repair/body paint w/spray- booth/auto service/auto parts sales/ industrial warehouse/distribution) this value-added or potential owner-user asset will give the new ownership the ability to reposition and/or occupy the subject property. The subject property comprises of approximately 5,000 SF of building situated upon 7,544 SF of land.
An Owner/User can obtain favorable Small Business Administration (SBA) Financing. Effectively, it may be more economical to own the building rather than to lease space considering the low down payment needed (10-15%) coupled with potential tax advantages of real estate ownership.
Strategically located on Delano St and Van Nuys Blvd, the site benefits from a combined 59,439 cars per day, less than 2 miles from the 405 free way and located in a highly dense trade area. Affluent 3-Mile Demographics, 292,202 population and an average household income of $101,853.