Large Multi-Tenant Industrial For Sale
Market Price
7955 Haskell Avenue, Van Nuys, CA 91406
25,907 sqft
Building Size
49,715 sqft
Lot Area
Details:
Description:
For the first time on the market in over 60 years, illi Commercial Real Estate is pleased to present for sale 7955 Haskell Avenue, a large multi-tenant industrial building in the heart of the Van Nuys Industrial district and a Qualified Opportunity Zone, between the 405 Freeway and Van Nuys Airport. Built in 1957 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
