Just Listed – For Lease: 15813 Stagg Street, Van Nuys, 91406

Excellent Van Nuys 5,000 square foot manufacturing or distribution building. Part of the larger Mission Industrial Park, this facility is located in a prime central valley location with easy access to the 405 freeway. Street frontage visibility and a shared fenced yard make this freestanding building a must-see on the tour list. Lastly, with 400 Amps of 120/240v three phase power, nearly any manufacturer can operate with ease.

Don’t wait, call today for a tour before it’s gone!

LEASED – 15748 Arminta Street, Van Nuys

Van Nuys Draws West-Side Transplants for Industrial Leasing.

Ryan McKenzie and Steve McKenzie represented the Lessor in this 5,040 square foot transaction and secured a lease with west-side transplant Rug Ideas represented by an outside broker. The facility will become the new home for the “3rd Generation Full Service Rug Company.” The five year transaction will add a favorable tenant to the 162,000 square foot business park’s tenant mix.

Call for details.

SUBLEASED – 2212 Kenmere Avenue, Burbank

Local Entertainment Consignment Firm Subleases 2212 Kenmere, Burbank.

Ryan McKenzie and Chris McKenzie were able to take advantage of low sublease rates and fulfill a short term immediate need for local entertainment consignment company Techno Empire. Combining two warehouses into one and saving a tremendous square foot cost in the Burbank marketplace was the goal. Ultimately, 25,644 square feet was subleased until the end of the term.

Call for details.

Benchmarking Of California’s Commercial Buildings Implemented 2018

Provided by Pegasus Energy Solutions. See below:

AB 802 Year of the benchmark
AB 802 Benchmarking Unofficial 2017-09-21 v2
AB802 LA ORD 184674 12-15-16 with revision

 

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