Industrial Market Recap 1st Quarter

LA Northwest Market Update

Los Angeles Northwest region maintains continued low vacancy rates with only .1% increase in available space for warehouse and distribution totaling 1.1%. Direct Weighted Average Asking Rates (NNN) increased by $.01 to $.75 for warehouse and distribution but remained the same for flex property at $1.09. Unemployment also dropped for California.

In my opinion lease prices will continue at current market however sales prices will increase as users contemplate equity involvement in properties.

To see full report from Xcelligent click HERE.

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LEASED – 7720 Airport Business Park Way

Closed lease transaction Van Nuys.

I am pleased to announce our recent completed lease transaction for 7720 Airport Business Parkway in Van Nuys. Steve McKenzie and I represented Sweetwater Digital Productions a division of NEP Broadcasting as the Lessee on this transaction.

  • 17,369 Square Feet
  • 50 Months
  • $1.10 Per Square Foot Gross

For additional information regarding this transaction, please email at ryan@go2delphi.com or call at 818-933-7113.

Contact me today if you have a property you need to lease or are needing space in the near future.

IAC – Valencia’s Newest Development

The New 9 Building 1.3 Million Sq.Ft. Development

With very little land left for development of new property near Los Angeles, the IAC Commerce Center will be a breath a fresh air – and paint.

iac

I attended the  IAC Commerce Center “Wall Raising” ceremony complete with hard hats, SCV Economic Development Corporation, and Press Secretaries for Assemblymen. The talk was all about the newest Valencia Industrial development. The business park boasts 9 buildings and 1.3 million square feet of building space, all built on 116 acres.  Currently constructing Building 1, the business park will be developed in three phases. The timeline is not currently known, but it will be beautiful by the looks of it.

Some notable facts regarding the Building 1:

  1. Office Square Feet: To Suit
  2. Clear Height: 30
  3. Dock High Loading: 39
  4. Ground Level Loading: 2
  5. Lease Rate: Subject to Offer
  6. Power: 2,000 Amps. 480/277 Volt 3 Phase, 4 Wire
  7. Sprinklers: ESFR
  8. Parking: Approximately 218 Spaces

If you are considering a large facility move or addition to your business, this is a great opportunity to work with Santa Clarita Valley Economic Development Corporation. They can provide tax credits, scatter maps, and more to help you consider this opportunity.

Please contact me if you would like more information or have any questions regarding this project. You can see the full information here at IAC Commerce Center.

Ryan McKenzie

 

Van Nuys Sales Comp

15030 Keswick St., Van Nuys Sale Comp

15030 Keswick St., Van Nuys, CA 91405

  • 20,016 sf. (bldg.) on 46,530 sf. (lot)
  • $3,992,000 Comp Sale Price
  • $199.44 Comp Sale Price/SF
  • LAP Zoning
  • 1972 (R11) Year Built
  • 40 Car Parking
  • Construction type – Concrete Block
  • Sale date 12/16/16

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Call today if you would like a free survey of industrial warehouse properties – 818-933-7113

 

*** Data from sources deemed reliable however information not confirmed or warranted for accuracy. Prospective buyers/sellors/lessors/lessees must do their own research.

Van Nuys Sale Comp

Recently sold industrial warehouse in the San Fernando Valley.

14755 Aetna St., Van Nuys, CA 91411

  • 4,150 sf. (bldg.) on 4,150 sf. (lot)
  • $871,500 Comp Sale Price
  • $210.00 Comp Sale Price/SF
  • LAM2 Zoning
  • 1951 Year Built
  • 5 Car Parking
  • Construction type – unknown (appears to be stucco)
  • Sale date 12/3/16

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Call today if you would like a free survey of industrial warehouse properties – 818-933-7113

 

*** Data from sources deemed reliable however information not confirmed or warranted for accuracy. Prospective buyers/sellors/lessors/lessees must do their own research.

Industrial Market Recap 3rd Quarter

Industrial market recap 3rd quarter 2016.

“The market is tight,” a standard saying being used around the Los Angeles marketplace for industrial property. Lease rates are increasing. Sales prices increasing. Rates increasing. Will we see a slowing of commercial property demand compression? I don’t believe so… yet.

LA Northwest (SFV) Quick Facts

  • # of Bldgs – 3,886
  • Inventory (sf) – 122,565,449
  • Total Available (sf) – 4,055,666
  • Total Vacant (sf) – 1,391,225
  • Total Vacancy Rate (%) – 1.1%
  • Total Quarterly Net Absorption (sf) – 600,620
  • YTD Total Net Absorption – 829,143

We continue to see heavy competition around industrial buildings for sale and lease.

If you would like to be added to the quarterly market information list, please email ryan@go2delphi.com if you haven’t already input your information when first arriving on the website.

PS. If you’d like a free survey of available properties OR If you have questions regarding your industrial property for Sale or Lease please feel free to call 818-933-7113 to speak with Ryan.


*Data taken from Xceligent, Inc. 2016 Q3 Market Trends for full report click here. Although data is deemed reliable, Ryan McKenzie makes no warranties as to the accuracy of the information.

 

 

Welcome!

Thank you for visiting Ryan McKenzie’s online Commercial Real Estate information page. In this day in age, it’s most effective to provide information that would be important to you. I’ll be including recent sale and lease comps, available properties, featured properties, and highly valuable research information to assist your decision making regarding commercial real estate. Stay tuned for information updated weekly.

If there is anything you would like me to add, or would like to contact me directly you can do so here:

Ryan@go2delphi.com
818-780-7878

If you would like to be added to the Quarterly Market Update please email me.

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