Multi-Tenant Industrial Space For Sale
Market Price
7933 Gloria Avenue & 15901-15907 Blythe Street, Van Nuys, CA 91406
11,162 sqft
Building Size
21,780 sqft
Lot Area
Details:
Description:
For the first time on the market in nearly 60 years, illi Commercial Real Estate is pleased to present for sale 7933 Gloria Avenue, a multi-tenant industrial property in the heart of the Van Nuys Industrial district and a Qualified Opportunity Zone, between the 405 Freeway and Van Nuys Airport. Built in 1958 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. Also available are the two adjacent properties located at 15904 and 15922 Strathern Street. The combined land measures roughly 1.75 Acres, offering the possibility of a large-scale redevelopment of the parcels.
Documents:
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Investment Flyer
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Location
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