Investment Overview

Marcus & Millichap is pleased to present a fully occupied, multi-tenant incubator, industrial asset totaling approximately 16,800 square feet, situated on four separate parcels in the highly desirable Van Nuys submarket. The property spans a 0.6-acre lot and features street-to-street access, providing excellent ingress and egress for tenants, deliveries, and potential owner/users. With 32 individual bays, the property is currently leased to 9 tenants and includes roughly 23 on-site parking spaces, creating an efficient and flexible industrial layout. All tenants are on month-to-month leases, allowing an owner/user to occupy the space in the near term or a value-add investor to reposition the asset at current market rents exceeding $2.00/SF. Zoned M2, the property, supports a wide variety of industrial, commercial, and manufacturing uses, ensuring long-term versatility and broad tenant appeal. With unit sizes ranging from ±370 SF to full-building occupancy, the configuration allows for maximum leasing adaptability or consolidation for a single user. Strategically located less than two miles from both the 405 and 101 Freeways, the site offers excellent regional connectivity across Los Angeles. The Van Nuys industrial submarket continues to experience robust fundamentals, including sub-3% vacancy and average gross asking rents of $2.18/SF for units ranging from 500SF – 2,500 SF, highlighting strong tenant demand and future rent growth potential. Surrounded by 684,231 residents and an average household income of $107,217 within a five-mile radius, this opportunity is ideally positioned in one of Los Angeles' most active and supply-constrained industrial corridors. Whether you're seeking a functional headquarters location or an income-producing asset with built-in upside, this offering presents a compelling opportunity in a fundamentally strong market.