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Listed by Eduardo Becerra • Main St Properties
$3,540,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-26120745
Year Built 1986
Property Sub-Type Industrial
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Rare owner-user opportunity in the heart of the Sun Valley industrial corridor. Acquire a freestanding 6,675 SF industrial warehouse on an 11,065 SF corner lot, free and clear, paired with a 48-year-old cash-flowing fastener distribution business.
The building is zoned MR1-1, built in 1986, and sits two minutes from the I-5 freeway and five minutes from Hollywood Burbank Airport. Gated lot, will-call window, shipping and receiving dock, and immediate freeway visibility. Sun Valley industrial vacancy sits at 2.6%, freestanding product under 10,000 SF in this corridor rarely comes to market.
The business is included in the combined asking price of $3,540,000 ($2,990,000 real property / $550,000 business). Recast SDE of $235,000 reflects normalized owner compensation and elimination of related-party rent upon combined acquisition. The buyer owns the building and operates the business; no landlord, no lease, no renewal risk.
Full offering memorandum available upon request. Detailed financials available to qualified buyers upon execution of an NDA. Do not contact the business or its employees directly. All inquiries through listing broker.
The building is zoned MR1-1, built in 1986, and sits two minutes from the I-5 freeway and five minutes from Hollywood Burbank Airport. Gated lot, will-call window, shipping and receiving dock, and immediate freeway visibility. Sun Valley industrial vacancy sits at 2.6%, freestanding product under 10,000 SF in this corridor rarely comes to market.
The business is included in the combined asking price of $3,540,000 ($2,990,000 real property / $550,000 business). Recast SDE of $235,000 reflects normalized owner compensation and elimination of related-party rent upon combined acquisition. The buyer owns the building and operates the business; no landlord, no lease, no renewal risk.
Full offering memorandum available upon request. Detailed financials available to qualified buyers upon execution of an NDA. Do not contact the business or its employees directly. All inquiries through listing broker.
Location
State CA
County Los Angeles
Area Sunv - Sun Valley
Zoning MR1-1
Interior
Laundry None
Building
Lot Description Lot 10000-19999 Sqft, Near Public Transit, Corner Lot, 0-1 Unit/Acre
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900