Industrial Market Recap – 3rd Quarter

From Xceligent report: See full article HERE

Market Overview
With a slight uptick in vacancy totaling 1.5% for warehouse distribution, landlords continue to reap the benefit. However, while sale prices are still high, Sales Volume has had a significant decrease over last year’s 3Q. Are prices going to drop? Demand continues to remain high, however pricing may have outpaced consumers.

See Xceligent report HERE

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.