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Vacant-User

14637 Aetna St

14637 Aetna St, Van Nuys, CA 91411

Listing Price: $2,000,000

Cap Rate
3.57%
Gross SF
5,000
Price/Gross SF
$400.00
Lot Size
0.12 acres
Year Built
1948
Rentable SF
5,000

Investment Overview

Marcus & Millichap is pleased to present 14637 Aetna Street, a Commercial Auto Body & Paint Shop totaling approximately 5,000 square feet situated on an approximate 0.12-acre parcel of land (“Subject Property”). The underlying zoning is CM-1VL, Commercial Manufacturing, which permits a wide range of commercial and industrial uses. The existing Certificate of Occupancy is for auto body and painting. Other building specs include Bow Truss Ceiling with 14’ – 21’ Clear Height, 400 Amp 3 Phase Power and one Ground Level Loading Door. Located in the dense infill Van Nuys Submarket, just three blocks north of Sherman Oaks, the site enjoys excellent demographics with a population of 697,058 and average household income of $108,230 in a 5-mile radius. Adjacent to the Auto Row along Van Nuys Blvd, the Subject Property is also within proximity to numerous employers including Van Nuys Building & Safety and City Hall. Additionally, the 405 and 101 Freeways can be easily accessed and there are a multitude of metro lines within walking distance. The Subject Property is currently 100% leased to LA Custom Inc, an auto body tenant with a lease expiring in September 2023, with no options. An Owner/user will have the ability to take occupancy shorty after the Close of Escrow and qualify for SBA Financing or, an Investor will have the ability to capitalize on the strong market fundamentals and execute a lease at market rent.

Investment Highlights

  • Commercial Auto Body & Paint Opportunity
  • Owner/User or Investor | Short Term Lease In-Place
  • Dense Infill Van Nuys Submarket | Sub 1% Market Vacancy Factor
  • Central San Fernando Valley Location | Adjacent to the Van Nuys Auto Row
  • Close Proximity to 405 & 101 Freeways
  • Bow Truss Ceiling with Clear Height Ranging from 14' – 21' | 400Amp 3Phase Power

Exclusively Listed By

Financing By

Vacant-User

14637 Aetna St

Listing Price: $2,000,000

Cap Rate
3.57%
Gross SF
5,000
Price/Gross SF
$400.00
Lot Size
0.12 acres
Year Built
1948
Rentable SF
5,000

Investment Highlights

  • Commercial Auto Body & Paint Opportunity
  • Owner/User or Investor | Short Term Lease In-Place
  • Dense Infill Van Nuys Submarket | Sub 1% Market Vacancy Factor
  • Central San Fernando Valley Location | Adjacent to the Van Nuys Auto Row
  • Close Proximity to 405 & 101 Freeways
  • Bow Truss Ceiling with Clear Height Ranging from 14' – 21' | 400Amp 3Phase Power

Investment Overview

Marcus & Millichap is pleased to present 14637 Aetna Street, a Commercial Auto Body & Paint Shop totaling approximately 5,000 square feet situated on an approximate 0.12-acre parcel of land (“Subject Property”). The underlying zoning is CM-1VL, Commercial Manufacturing, which permits a wide range of commercial and industrial uses. The existing Certificate of Occupancy is for auto body and painting. Other building specs include Bow Truss Ceiling with 14’ – 21’ Clear Height, 400 Amp 3 Phase Power and one Ground Level Loading Door. Located in the dense infill Van Nuys Submarket, just three blocks north of Sherman Oaks, the site enjoys excellent demographics with a population of 697,058 and average household income of $108,230 in a 5-mile radius. Adjacent to the Auto Row along Van Nuys Blvd, the Subject Property is also within proximity to numerous employers including Van Nuys Building & Safety and City Hall. Additionally, the 405 and 101 Freeways can be easily accessed and there are a multitude of metro lines within walking distance. The Subject Property is currently 100% leased to LA Custom Inc, an auto body tenant with a lease expiring in September 2023, with no options. An Owner/user will have the ability to take occupancy shorty after the Close of Escrow and qualify for SBA Financing or, an Investor will have the ability to capitalize on the strong market fundamentals and execute a lease at market rent.

Exclusively Listed By

Financing By

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