For Sale
$14,000,000

10717 Vanowen StLos Angeles, CA 91605

High-quality industrial warehouse, 100% leased.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 36,407-square-foot industrial warehouse in Los Angeles, CA, presents a compelling investment opportunity. Located in the Media District of Burbank/North Hollywood, this Class C, single-tenant property boasts a 6.00% cap rate and a strong NOI of $840,000. Currently 100% occupied by Pacific Title Archives, a film storage company, the lease extends through January 2029, providing significant long-term stability. The building features 100% HVAC, four loading docks (two dock-high), ample parking (61 spaces), and is situated on a 1.71-acre lot. The property benefits from its strategic location adjacent to Hollywood Burbank Airport and Interstate 5, providing easy access to major transportation arteries. The surrounding area is a thriving hub for the entertainment industry, with numerous major studios and media companies nearby. The building has undergone earthquake retrofitting and features 1200 amps of power. The property is zoned M2. This investment offers a rare combination of a high-quality asset, a strong tenant, and a prime location in one of the nation's most robust industrial markets, which has experienced significant rent growth and low vacancy rates in recent years. The Greater San Fernando Valley boasts a 1.2% vacancy rate and 16% average annual rent growth since 2018, while North Hollywood has maintained a 0.4% average vacancy rate over the past decade. This presents a compelling opportunity for investors seeking a stable, high-performing asset in a dynamic market. The property's proximity to over 9 million people within a 30-mile radius and over $14 billion in annual e-commerce sales within a one-hour drive further enhances its investment appeal.

Highlights

  • High-quality 36,407 SF industrial facility with 2 dock-high and 2 ground-level loading doors, ample parking, and 100% HVAC.
  • Earthquake-retrofitted warehouse with M2 zoning and 1200 amps of power.
  • 100% leased to Pacific Title Archives (film & video asset management) through January 2029.
  • Strong industrial market with 16% average annual rent growth since 2018 in the San Fernando Valley and a low 1.2% vacancy rate; North Hollywood boasts a 0.4% average vacancy over the last 10 years and 14.1% YoY rent growth in Q4 2023.
  • Strategic location in the heart of the Los Angeles Media District, near Hollywood Burbank Airport, Interstate 5, and major entertainment companies; serves a market with over 9 million people within 30 miles and over $14 billion in annual e-commerce sales within a one-hour drive.

Property Details for 10717 Vanowen St

Property type
Warehouses, Industrial properties
Square Feet
36,407 SF
Class
C
Buildings
1
Lot Size (sq. ft)
74,488 SF

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.19416166
Longitude
-118.36523185
10717 Vanowen St, Los Angeles, California

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10717 Vanowen St
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