Large Multi-Tenant Industrial For Sale
Market Price
7361 Ethel Avenue, North Hollywood, CA 91605
30,000 sqft
Building Size
68,581 sqft
Lot Area
Details:
Description:
For the first time on the market in nearly 50 years, illi Commercial Real Estate is pleased to present for sale 7361 Ethel Avenue, a large multi-tenant industrial building in the heart of the North Hollywood Industrial district. The property is situated in a State Enterprise Zone and conveniently located near the 170 & 5 Freeways and Hollywood Burbank Airport. Built in 1970 by San Fernando Valley based developer, Harry Marks, with continuous family ownership, the property benefits from long-term tenancy and historically high occupancy. With most tenants previously on month-to-month leases, management has recently executed new, market rate leases with many long-term tenants, and new tenants alike. Each new lease includes landlord termination rights, affording buyers the flexibility to maintain stable cash flow through current tenancy or to explore alternate plans for the property over time.
Documents:
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Investment Flyer
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Location
Gallery
