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SALE PRICE: $4,925,000

 

MULTI-TENANT INDUSTRIAL COMPLEX​

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Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group are proud to announce the successful closing of 11132 Fleetwood Street, Sun Valley, CA 91352. The subject property is an Eleven (11) unit multi-tenant industrial complex – a highly sought-after product type with nearly 50% upside in rents. The building stands at ± 18,043 SF spanning across an estimated ± 33,376 square foot lot, zoned M1.

Our team, representing the seller and having identified the buyer, skillfully navigated market challenges and the insignificant in place income to attract the ideal buyer through a targeted marketing strategy. Prior to going to market, the team generated strong interest, securing multiple offers from qualified buyers and nearly a dozen more within the first two weeks of going to market. Through strategic negotiation, The Hirth Group achieved nearly 99% of its list price, closing the property at $4,925,000 and a 2.58% CAP Rate!

A short-term seller carryback was structured to provide the seller with passive income while also supporting the buyer through renovations and repositioning of the asset. This transaction highlights The Hirth Group’s dedication to offering comprehensive services, from engaging with individual tenants to secure estoppels to collaborating closely with legal counsel on drafting loan documents.

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