650 Jessie St - Manufacturing FOR SALE


San Fernando, CA 91340
$12,998,230 USD
424-600-7998
650 Jessie St, San Fernando, CA for Sale
$12,998,230 USD
Manufacturing - FOR SALE
1/5
null | 5.65% Cap Rate

650 Jessie St
San Fernando, CA 91340


HIGHLIGHTS

  • New NNN Lease - Net Income with Minimal Landlord Responsibilities
  • Attractive 3.5% Annual Rental Increases thru Base Term And All Options
  • Strong Corporate Guarantee - Parent Company is Arcline Investment Management $9.1B in Capital
  • Mission-Critical Manufacturing Facility - Successful Operator with 45-Year History
  • Concrete Masonry Tilt Up Construction - New Roof - New Parking Lot - All New HVAC

OVERVIEW

Seller will entertain all serious offers, please call with any questions 424-600-7998. Spira Manufacturing Corporation has been at this location since 2016 and spent millions of dollars renovating, and building out the space to their specs. On 1/9/2025 Spira was acquired by Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management with $9.1B in Capital and executed a new 5 year NNN lease with 3.5% Annual Increases. 650 Jessie St is the mission critical Manufacturing Facility for Spira and houses 100% of their proprietary machinery and operations, strategically located in close proximity to Whiteman Airport. Spira, Located in San Fernando, California, has been serving the community with quality engineered Electromagnetic Interference (EMI) and Radio-Frequency Interference (RFI) shielding gaskets and products since 1978. With over 45 years of expertise, Spira leads the industry in EMI gasket innovation and design. Their unique patented spiral EMI gasket is renowned for its reliability and integrity. About Integrated Polymer Solutions, a leading developer and manufacturer of Advanced Materials and engineered components, has been at the forefront of innovation since its inception in 1911. With a focus on Engineered Elastomers, Signature Materials, and Biomedical Solutions, IPS delivers superior technical solutions for critical problems. Their portfolio of market-leading brands operates across nine facilities in the US and the UK, providing world-class products. Whether it’s elastomeric tooling, seals, gaskets, ablatives, thermal shielding products, or encapsulated O-rings, IPS custom-engineers solutions for aerospace, defense OEMs, and MRO applications.

FOR SALE DETAILS

PRICE

$12,998,230 USD

PRICE/SF

$371 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spira Manufacturing Corporation

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

16 Ft

DOCKS

4

DRIVE INS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.35

LAND SF

58,806

ZONING

SFM1

APN/PARCEL ID

2515-006-017

ASK ABOUT THIS PROPERTY

Joel CukierNorthmarqMore Info
424-600-7998

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Joel CukierNorthmarqMore Info
424-600-7998

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