Investment Overview

The property is a vacant multi-tenant industrial asset with 15,000 square feet situated on 0.69 acres. It features tilt-wall construction and has an 18-foot clear height, making it suitable for various industrial uses. The property has two rear grade-level loading doors and gated, secure parking, providing easy access and security for tenants. In 2024, the property underwent $300,000 in renovations. The property is equipped with a turn-key CLIA-certified clinical lab and R&D built-out, which includes a climate-controlled space, making it ideal for businesses that require specialized facilities. CLIA labs are highly specialized federally credentialed facilities authorized for human specimen testing. This built-out space can be customized to meet the specific needs of tenants, providing a unique opportunity for owner-users to occupy all or a portion of the building and rent out the remaining space. The existing infrastructure and amenities provide a solid foundation for future growth and development. The location is in the Van Nuys Airport Corridor, which has historically stronger rents for aerospace, R&D, and specialized industrial users. This area is known for its high demand and limited supply of industrial space. The property's proximity to major transportation routes makes it an attractive option for businesses. The area is also home to a diverse range of industries, including manufacturing and logistics. The central San Fernando Valley location of the property provides close proximity to I-405 and U.S. 101, making it easily accessible by car or truck. The Van Nuys Airport Corridor is a hub for industrial activity, with a high concentration of businesses in the aerospace, R&D, and specialized industrial sectors.