The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 4, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
San Fernando Valley Industrial Building Goes for $274/sf


A 26k sf industrial building in the heart of the San Fernando Valley traded for $7.135 mil, or $274/sf. The building is located at 15950-15952 Strathern St, south of Roscoe Blvd and west of the 405 Fwy in Van Nuys.

The industrial building, located near the Van Nuys Airport, was an important asset for the buyer, who was seeking an owner-user expansion given the rapid growth of its e-commerce company.

Chris McKenzie, Ryan McKenzie and Kidder Matthews with Lee & Associates LA North represented the buyer, LK Holding. The seller, Chase Van Nuys LP, was repped by JLL.

The sale comes at a critical time for commercial real estate with the looming ULA Tax which kicks in on April 1, 2023 and adds a property tax of 4% for properties conveyed over $5 mil, but under $10 mil, and 5.5% for properties conveyed at $10 mil or more.

The seller wanted to ensure its swift movement in light of the ULA Tax as they had acquired the property as part of a portfolio acquisition prior. The low vacancy rates of less than 2% for industrial properties in the central San Fernando Valley continue to drive buyers’ interest.

Return to the Archive page




Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media