PRICE: $5,000,000

 

Multi-Tenant Industrial Building​

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The Hirth Group’s team consisting of Ethan Donel, Alex Reyhan, and Daniel Hirth have been exclusively retained by ownership to facilitate the sale of 11132 Fleetwood Street – a standalone multi-tenant industrial complex spanning ±18,043 square feet of building space on an estimated ±33,376 square foot lot, zoned M1. Constructed in 1976, this property has served as the headquarters for various businesses, including metal fabrication shops, machine shops, storage facilities, and for personal usage, among others. Featuring thirteen (13) ground level doors, approximately thirty (30) dedicated parking spaces, and 3-phase power,  this industrial asset offers versatility and functionality.

 

With a stable and longstanding tenant base, nearly 100% of whom have operated at the property for numerous years, this property ensures a secure investment. Currently, all leases are below market rates, presenting an immediate value-add opportunity for investors. Additionally, with tenants on month-to-month agreements, there is flexibility for repositioning or renegotiation.

This opportunity presents significant upside potential, with a pro forma CAP rate of 8.19% in a market where demand for multi-tenant industrial properties is high. Moreover, for owner-users, this property offers the advantage of SBA financing. By utilizing SBA financing, an owner-user can occupy 51% of the property while generating rental income from the remaining tenants, providing an attractive option for those seeking to leverage their investment.

 

The Sun Valley industrial market in Los Angeles is a dynamic and thriving sector within the city's broader industrial landscape. Situated in the northeastern region of the San Fernando Valley, Sun Valley serves as a vital hub for various industrial activities, including manufacturing, warehousing, and distribution. With its strategic location near major transportation arteries such as Interstate 5 and the Golden State Freeway, as well as proximity to Burbank Airport and the Port of Los Angeles, Sun Valley offers excellent connectivity for businesses engaged in logistics and trade.