7129-7133 Vineland Ave
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7129-7133 Vineland Ave
13,325 SF 100% Leased Industrial Building North Hollywood, CA 91605 $3,995,000 ($300/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Pro Forma Cap Rate: 7.6%
- High Demand for industrial space in the area with M2 Zoning
- 37 parking spaces on site
- MTM Tenants
- Perfect for owner user or investor
EXECUTIVE SUMMARY
Great opportunity for an investor or an owner user.
2 Tenants on a lease and 4 tenants on a MTM.
Owner user can occupy 7500 sq ft immediately.
Investor can capture Pro Forma CAP RATE of 7.6% immediately after purchase by increasing the rents of the MTM tenants or getting new tenants.
7133 Vineland unit 1 was just on the market for lease and there is an overflow of interested parties at $4,000 a month. Other MTM units can easily put new tenants in place at this higher rent.
Unit 4 has a spray booth and can be leased for more than the other units as it is very hard to obtain a spray booth license.
M2 Zoning- Light Industrial Space perfect for any industrial use, light manufacturing, automotive use, storage space and more
2 Tenants on a lease and 4 tenants on a MTM.
Owner user can occupy 7500 sq ft immediately.
Investor can capture Pro Forma CAP RATE of 7.6% immediately after purchase by increasing the rents of the MTM tenants or getting new tenants.
7133 Vineland unit 1 was just on the market for lease and there is an overflow of interested parties at $4,000 a month. Other MTM units can easily put new tenants in place at this higher rent.
Unit 4 has a spray booth and can be leased for more than the other units as it is very hard to obtain a spray booth license.
M2 Zoning- Light Industrial Space perfect for any industrial use, light manufacturing, automotive use, storage space and more
PROPERTY FACTS
| Price | $3,995,000 | Lot Size | 0.69 AC |
| Price Per SF | $300 | Rentable Building Area | 13,325 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 5.60% | Year Built | 1954 |
| Property Type | Industrial | Parking Ratio | 2.25/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 13’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 7 |
| Price | $3,995,000 |
| Price Per SF | $300 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.60% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.69 AC |
| Rentable Building Area | 13,325 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 2.25/1,000 SF |
| Clear Ceiling Height | 13’ |
| No. Drive In / Grade-Level Doors | 7 |
AMENITIES
- 24 Hour Access
- Signage
- Yard
- Storage Space
- Monument Signage
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- D & D Design Studio
- Construction
- -
- -
- -
- RW Auto Body
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| D & D Design Studio | Construction | - | - | - | ||
| RW Auto Body | Services | - | - | - |
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 2319-002-010 | Improvements Assessment | $1,346,400 |
| Land Assessment | $3,141,600 | Total Assessment | $4,488,000 |
PROPERTY TAXES
Parcel Number
2319-002-010
Land Assessment
$3,141,600
Improvements Assessment
$1,346,400
Total Assessment
$4,488,000
ZONING
| Zoning Code | LAM2 (M2 Zoning- Light Industrial Space perfect for any automotive use, storage space, industrial use, light manufacturing) |
| LAM2 (M2 Zoning- Light Industrial Space perfect for any automotive use, storage space, industrial use, light manufacturing) |
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7129-7133 Vineland Ave
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