5524-5536 Satsuma Ave - Food Processing FOR SALE


North Hollywood, CA 91601
$8,356,400 USD
714-814-2088
5524-5536 Satsuma Ave, North Hollywood, CA for Sale
$8,356,400 USD
Food Processing - FOR SALE
1/34
null | 5.49% Cap Rate

NEW


5524-5536 Satsuma Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • ProForma CAP Rate of 6.52% With a ProForma GRM of 9.20. Current CAP Rate of 5.49%.
  • Recently Renovated in 2022, the owner has invested over 2.8 million into the property.
  • Zoned MR2-1VL, subject designates restricted light industrial use, limiting non-industrial activities & supporting employment-generating businesses.
  • Property features 19 kitchen units and 1 warehouse unit, offering a flexible space layout for various business needs.
  • Ideal for light industrial and commercial operations, with a combination of kitchen and warehouse-style units.
  • Located minutes from the 101 and 170 Freeways, offering direct access to Los Angeles and the San Fernando Valley.

OVERVIEW

5524-5536 Satsuma Ave features a total of 10,822 square feet of rentable space, including a 1,400-square-foot warehouse, a 2,430-square-foot flex unit, and 19 prep kitchen units totaling 6,992 square feet. The property is designed to support a range of industrial, creative, and culinary uses. Tenants benefit from ample parking, efficient access for deliveries, and a prime location in North Hollywood with proximity to major transportation routes and business services. The MR2-1VL zoning provides flexible use options and significant growth potential across various industries, making this a strategic opportunity for tenants seeking adaptable industrial space.

FOR SALE DETAILS

PRICE

$8,356,400 USD

PRICE/SF

$631 USD /SF

CAP RATE

5.49%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Krowd Kitchen

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

UTILITIES

Lighting, Water, Sewer

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.47

LAND SF

20,547

ZONING

MR2-1VL

APN/PARCEL ID

2416-014-005

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

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Albert LeLe Investment GroupMore Info
714-814-2088

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