Maher Commercial Realty is pleased to present 8125 Lankershim Blvd, North Hollywood, a “flex” building with approximately 40% office space and 60% industrial in its current condition. The subject site is currently vacant and sits on a large +/- 32,000 square foot parcel zoned M1. The building has 14’ ceiling clearance, two roll-up doors, and 400 amp power. There is also an accompanying cell tower lease which generates $3,086.81 per month.
This is the perfect owner-user or investor opportunity. An owner-user can purchase the site with 10% down on an SBA 504 loan and pay less per month than renting a similar property in the area. An investor can purchase the property and at an estimated $1.25 per foot NNN in pro forma rent and the incoming cell tower rent can operate the building at an estimated 6.7% cap rate.
This is a unique opportunity to purchase a fully vacant flex building in the heart of North Hollywood. The building has excellent visibility Lankershim Blvd which boasts an approximately 24,000 car per day traffic count.
