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Industrial Flex

7638 Deering Ave

7638 Deering Ave, Canoga Park, CA 91304

Listing Price: $4,000,000

Cap Rate
0.22%
Gross SF
14,824
Price/Gross SF
$269.83
Lot Size
0.69 acres
Year Built
1960
Rentable SF
14,824

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 7638 Deering Avenue, a 14,824 square foot value-add multi-tenant small bay industrial property situated on 30,001 square feet of land zoned MR-1 in Canoga Park, CA. The subject property is located on Deering Avenue, just north of Saticoy Street, just east of Variel Avenue, and just west of Canoga Avenue in the heart of Canoga Park, CA. The property sits one block east of the Orange Line Busway.
7638 Deering Ave is currently 100% occupied, with all the tenants on month-to-month leases significantly below market. Current rents average $0.58 per square foot per month. 7638 Deering Ave is currently occupied by a variety of uses including auto, upholstery, woodworking, and fabrication. Monthly rent totals $8,672.16 or $0.58 per square foot on average, all on gross leases. Units average 3,000 SF, ideal unit sizes that appeal to a large tenant base in the immediate market. The property benefits from gated parking on both the north and south side of the property. In addition, the property has a total of eight (8) ground level roll up doors, four (4) on each the north and south side of the building. The property has approximately 14’ high ceilings, allowing most cars and trucks to enter through the roll up doors.
7638 Deering is ideally suited for a value-add Investor to increase rents to current market levels or an owner-user Buyer looking for space in the highly sought after, supplied constraint West San Fernando Valleuy industrial market of Canoga Park.

Investment Highlights

  • Multi-Tenant Industrial - 14,824 square feet of value-add multi-tenant small bay industrial with eight (8) roll up doors.
  • Eight On Grade Roll Up Doors – Eight (8) ground level roll up doors, four (4) on each the North and South side of the building
  • Large Footprint of Land – 30,001 square feet of land zoned MR-
  • Dual Access Parking – Tenants benefit from parking on both the North and South side of the building with 20 surface spaces.
  • Approximately 14' Ceilings – The property benefits from 14' tall clear height, allowing car and truck access inside the building.

Exclusively Listed By

Financing By

Industrial Flex

7638 Deering Ave

Listing Price: $4,000,000

Cap Rate
0.22%
Gross SF
14,824
Price/Gross SF
$269.83
Lot Size
0.69 acres
Year Built
1960
Rentable SF
14,824

Investment Highlights

  • Multi-Tenant Industrial - 14,824 square feet of value-add multi-tenant small bay industrial with eight (8) roll up doors.
  • Eight On Grade Roll Up Doors – Eight (8) ground level roll up doors, four (4) on each the North and South side of the building
  • Large Footprint of Land – 30,001 square feet of land zoned MR-
  • Dual Access Parking – Tenants benefit from parking on both the North and South side of the building with 20 surface spaces.
  • Approximately 14' Ceilings – The property benefits from 14' tall clear height, allowing car and truck access inside the building.

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 7638 Deering Avenue, a 14,824 square foot value-add multi-tenant small bay industrial property situated on 30,001 square feet of land zoned MR-1 in Canoga Park, CA. The subject property is located on Deering Avenue, just north of Saticoy Street, just east of Variel Avenue, and just west of Canoga Avenue in the heart of Canoga Park, CA. The property sits one block east of the Orange Line Busway. 7638 Deering Ave is currently 100% occupied, with all the tenants on month-to-month leases significantly below market. Current rents average $0.58 per square foot per month. 7638 Deering Ave is currently occupied by a variety of uses including auto, upholstery, woodworking, and fabrication. Monthly rent totals $8,672.16 or $0.58 per square foot on average, all on gross leases. Units average 3,000 SF, ideal unit sizes that appeal to a large tenant base in the immediate market. The property benefits from gated parking on both the north and south side of the property. In addition, the property has a total of eight (8) ground level roll up doors, four (4) on each the north and south side of the building. The property has approximately 14’ high ceilings, allowing most cars and trucks to enter through the roll up doors. 7638 Deering is ideally suited for a value-add Investor to increase rents to current market levels or an owner-user Buyer looking for space in the highly sought after, supplied constraint West San Fernando Valleuy industrial market of Canoga Park.

Exclusively Listed By

Financing By

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