10717 Vanowen St
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10717 Vanowen St
36,407 SF Industrial Building North Hollywood, CA 91605 $14,000,000 ($385/SF) 6% Cap Rate
Investment Highlights
- HIGH QUALITY INDUSTRIAL FACILITY TOTALING 36,407 SF
- 100% LEASED TO EXTREMELY COMMITTED TENANT THROUGH JANUARY 2029
Executive Summary
HIGH QUALITY INDUSTRIAL FACILITY TOTALING 36,407 SF
* 2 dock high & 2 ground level doors, ample auto parking and rare 100% HVAC
* Earthquake retrofitting in warehouse
* M2 zoning
* 1,200 amps of power
100% LEASED TO EXTREMELY COMMITTED TENANT THROUGH JANUARY 2029
* Pacific Title Archives is a film & video media asset management company
* Mission critical location for the tenant situated in the heart of the entertainment
industry
* Long standing tenant in the building since 2008 (15 years)
* Excellent mark to market opportunity with below market rents and 5.0 years WALT
STRONG INDUSTRIAL MARKET DYNAMICS
* 18% average annual rent growth since 2018 in the Greater San Fernando Valley
with the lowest vacancy rate out of all L.A. submarkets at 1.2%
* North Hollywood has maintained an average industrial vacancy of 0.82% for the
last 10 years and recorded 24.4% YoY rent growth in Q4 2023
STRATEGIC SOUTHERN CALIFORNIA LOCATION WITH PROXIMITY TO MAJOR FREEWAYS & AIRPORTS
* The Media District is the unrivaled epicenter for the entertainment industry making
this a critical location for PTA. The area is home to Disney/ABC, NBC/Universal,
WarnerMedia, Dreamworks, and over 1,000 media-related companies
* The property is adjacent to Hollywood Burbank Airport and provides immediate
access to Interstate 5
* The site has proximity to more than 9 million people within 30 miles and over $14
billion in e-commerce sales annually within a one hour drive
* 2 dock high & 2 ground level doors, ample auto parking and rare 100% HVAC
* Earthquake retrofitting in warehouse
* M2 zoning
* 1,200 amps of power
100% LEASED TO EXTREMELY COMMITTED TENANT THROUGH JANUARY 2029
* Pacific Title Archives is a film & video media asset management company
* Mission critical location for the tenant situated in the heart of the entertainment
industry
* Long standing tenant in the building since 2008 (15 years)
* Excellent mark to market opportunity with below market rents and 5.0 years WALT
STRONG INDUSTRIAL MARKET DYNAMICS
* 18% average annual rent growth since 2018 in the Greater San Fernando Valley
with the lowest vacancy rate out of all L.A. submarkets at 1.2%
* North Hollywood has maintained an average industrial vacancy of 0.82% for the
last 10 years and recorded 24.4% YoY rent growth in Q4 2023
STRATEGIC SOUTHERN CALIFORNIA LOCATION WITH PROXIMITY TO MAJOR FREEWAYS & AIRPORTS
* The Media District is the unrivaled epicenter for the entertainment industry making
this a critical location for PTA. The area is home to Disney/ABC, NBC/Universal,
WarnerMedia, Dreamworks, and over 1,000 media-related companies
* The property is adjacent to Hollywood Burbank Airport and provides immediate
access to Interstate 5
* The site has proximity to more than 9 million people within 30 miles and over $14
billion in e-commerce sales annually within a one hour drive
Property Facts
| Price | $14,000,000 | No. Stories | 1 |
| Price Per SF | $385 | Year Built | 1977 |
| Sale Type | Investment | Tenancy | Single |
| Cap Rate | 6% | Parking Ratio | 1.68/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20 FT |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.71 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 36,407 SF |
| Price | $14,000,000 |
| Price Per SF | $385 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.71 AC |
| Rentable Building Area | 36,407 SF |
| No. Stories | 1 |
| Year Built | 1977 |
| Tenancy | Single |
| Parking Ratio | 1.68/1,000 SF |
| Clear Ceiling Height | 20 FT |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
Amenities
- Air Conditioning
1 of 1
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 2466-017-025 | Improvements Assessment | $2,387,718 |
| Land Assessment | $6,367,248 | Total Assessment | $8,754,966 |
PROPERTY TAXES
Parcel Number
2466-017-025
Land Assessment
$6,367,248
Improvements Assessment
$2,387,718
Total Assessment
$8,754,966
zoning
| Zoning Code | M2 (Heavy Manufacturing) |
| M2 (Heavy Manufacturing) |
-
Mark Shaffer -
Power Broker Anthony DeLorenzo -
Bryan Johnson -
Nick Williams -
Michael Longo -
Eric Cox -
Gerard Poutier -
Power Broker Barbara Perrier -
CBRE, Inc.
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10717 Vanowen St
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