Investment highlight
- Rare multi-tenant industrial investment opportunity
- Fenced, free-standing property is extremely hard to find
- Current in-place below market lease rates at attractive basis and yield
- Ideal size units for average size industrial tenant in North Los Angeles
- 2½ years of stabilized income with annual 4% increases
executive summary
Newmark is pleased to present this investment opportunity to acquire 12843 Foothill Boulevard, a 29,220 square foot multi-tenant industrial building on 0.96 acres of M1 zoned land in Sylmar, California. The property is located within the infill North Los Angeles industrial market, which carries strong tenant demand and very limited supply. The opportunity is for an investor to purchase a great multi-tenant industrial asset in the highly sought-after in-fill North Los Angeles market. Once tenant leases expire in 2025, new ownership can bring rents to market levels.
property facts
| Price | $7,500,000 | Rentable Building Area | 29,220 SF |
| Price Per SF | $257 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1990 |
| Property Type | Industrial | Parking Ratio | 1.1/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22 FT |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 0.93 AC |
amenities
- 24 Hour Access
- Fenced Lot
- Signage
- Skylights
- Air Conditioning
SPACE AVAILABILITY
