Versatile LA Multi-Tenant Industrial | 7040 Darby Ave
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Versatile LA Multi-Tenant Industrial 7040 Darby Ave
13,167 SF 39% Leased Industrial Building Online Auction Sale Reseda, CA 91335
Investment Highlights
- This versatile multi-tenant industrial facility offers users or investors an exceptional location in the Reseda suburb of LA near top amenities.
- Prime location is easily accessible to the 405, the 101, and long-distance logistics support via the Van Nuys Airport.
- Supported by a 5-mile daytime employment of more than 312,000, with over 24% working in trade, transportation, utility, or manufacturing segments.
- Desirable features include 10' by 10' loading doors, a private secured lot with parking, a newer roof (2019), and select temperature-controlled units
- Sitting one block from the heart of downtown Reseda, the property is near quality retail and dining amenities, as well as several golf courses.
Executive Summary
JLL invites business owners and investors to discover the opportunity to acquire 7040 Darby Avenue, a performing multi-tenant industrial facility with an exceptional location in the Reseda suburb of Los Angeles, California.
Learn how the property’s features and specs make this the perfect home for growing industrial businesses. Comprising 13,167 square feet, the space is divided into eight units with flexible layouts, allowing tenants to tailor the space to their specific operational requirements. All units boast versatile layouts, 10-foot by 10-foot doors for efficient loading and unloading, and access to a private secured lot. Several air-conditioned units offer comfortable working environments for businesses requiring temperature control. The building's 0.42-acre lot also provides 20 on-site parking spaces and exceptional street visibility, enhancing exposure and the potential for increased foot traffic.
This turnkey facility will be delivered with approximately 38% occupancy, entirely comprising short-term or month-to-month lease agreements. This allows a new user to immediately occupy over half the space for operations while quickly scaling into the remaining space as needed.
Benefit from 7040 Darby Avenue’s prime location near major transportation infrastructure and quality urban amenities. The property facilitates the easy movement of goods, sitting close to both the 405 and the 101, with longer distance logistics supported by the Van Nuys Airport, reachable in just 15 minutes. Sitting just one block off the intersection of Sherman Way and Reseda Boulevard, the heart of Reseda’s urban core, the property places tenants near dozens of popular restaurants and retail amenities. Recreation opportunities are also convenient to the facility, with the parks and golf courses of the Sepulveda Basin Recreation Area just 2 miles away.
Businesses at 7040 Darby Avenue are supported by a robust demographic profile within 5 miles of the property. The area offers daytime employment exceeding 312,000, with over 24% working in trade, transportation, utility, and manufacturing industries. This provides a reliable pipeline of highly qualified new employees, allowing businesses to scale with quick growth.
With its ample size, flexible unit configurations, secure environment, and attractive amenities, 7040 Darby Avenue presents an ideal investment opportunity for businesses seeking a well-equipped and versatile space within the Reseda market.
Learn how the property’s features and specs make this the perfect home for growing industrial businesses. Comprising 13,167 square feet, the space is divided into eight units with flexible layouts, allowing tenants to tailor the space to their specific operational requirements. All units boast versatile layouts, 10-foot by 10-foot doors for efficient loading and unloading, and access to a private secured lot. Several air-conditioned units offer comfortable working environments for businesses requiring temperature control. The building's 0.42-acre lot also provides 20 on-site parking spaces and exceptional street visibility, enhancing exposure and the potential for increased foot traffic.
This turnkey facility will be delivered with approximately 38% occupancy, entirely comprising short-term or month-to-month lease agreements. This allows a new user to immediately occupy over half the space for operations while quickly scaling into the remaining space as needed.
Benefit from 7040 Darby Avenue’s prime location near major transportation infrastructure and quality urban amenities. The property facilitates the easy movement of goods, sitting close to both the 405 and the 101, with longer distance logistics supported by the Van Nuys Airport, reachable in just 15 minutes. Sitting just one block off the intersection of Sherman Way and Reseda Boulevard, the heart of Reseda’s urban core, the property places tenants near dozens of popular restaurants and retail amenities. Recreation opportunities are also convenient to the facility, with the parks and golf courses of the Sepulveda Basin Recreation Area just 2 miles away.
Businesses at 7040 Darby Avenue are supported by a robust demographic profile within 5 miles of the property. The area offers daytime employment exceeding 312,000, with over 24% working in trade, transportation, utility, and manufacturing industries. This provides a reliable pipeline of highly qualified new employees, allowing businesses to scale with quick growth.
With its ample size, flexible unit configurations, secure environment, and attractive amenities, 7040 Darby Avenue presents an ideal investment opportunity for businesses seeking a well-equipped and versatile space within the Reseda market.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Los Angeles - CA USA
Market Cap Rate
Los Angeles - CA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type | Investment | No. Stories | 2 |
Sale Conditions | Auction Sale | Year Built | 1964 |
Property Type | Industrial | Parking Ratio | 1.51/1,000 SF |
Property Subtype | Warehouse | Clear Ceiling Height | 11’ |
Building Class | C | No. Drive In / Grade-Level Doors | 8 |
Lot Size | 0.42 AC | Opportunity Zone |
Yes
|
Rentable Building Area | 13,167 SF |
Sale Type | Investment |
Sale Conditions | Auction Sale |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | C |
Lot Size | 0.42 AC |
Rentable Building Area | 13,167 SF |
No. Stories | 2 |
Year Built | 1964 |
Parking Ratio | 1.51/1,000 SF |
Clear Ceiling Height | 11’ |
No. Drive In / Grade-Level Doors | 8 |
Opportunity Zone |
Yes |
Amenities
- Fenced Lot
- Fluorescent Lighting
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score®
Very Walkable (86)
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Los Angeles
3,990,456
23
0 h 33 m
San Diego
1,425,976
137
2 h 48 m
Las Vegas
644,644
291
5 h 29 m
San Jose
1,030,119
322
6 h 9 m
San Francisco
883,305
369
6 h 53 m
Phoenix
1,660,272
399
7 h 19 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
1,497,737
Total Labor Force
807,049
Unemployment Rate
5.19%
Median Household Income
$83,275
Warehouse Employees
95,227
High School Education Or Higher
83.00%
PROPERTY TAXES
Parcel Number | 2125-004-027 | Improvements Assessment | $1,148,976 |
Land Assessment | $1,276,642 | Total Assessment | $2,425,618 |
PROPERTY TAXES
Parcel Number
2125-004-027
Land Assessment
$1,276,642
Improvements Assessment
$1,148,976
Total Assessment
$2,425,618
zoning
Zoning Code | M1, Los Angeles (Limited Industrial) |
M1, Los Angeles (Limited Industrial) |
Sale Advisor
George Stavaris, Managing Director
(818) 429-9412
Contact
Mr. Stavaris serves as Managing Director of JLL’s Los Angeles North office. With over 20 years of commercial real estate experience, Mr. Stavaris specializes in industrial real estate acquisition, disposition and leasing, including investment sales for north Los Angeles County and southern Ventura County. Since 1999, George has secured transactions valued at more than $500 million.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
John Artozqui
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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