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7254 Coldwater Canyon Avenue
North Hollywood, CA 91605

$4,495,000 
  • -- Beds
  • -- Baths
  • 5,780 sqft
  • Commercial | Industrial
  • Active
7254 Coldwater Canyon Avenue, North Hollywood - 572181217
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7254 Coldwater Canyon Avenue, North Hollywood - 572181220
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7254 Coldwater Canyon Avenue, North Hollywood - 572181225
7254 Coldwater Canyon Avenue, North Hollywood - 572181226
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7254 Coldwater Canyon Avenue, North Hollywood - 572181228
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7254 Coldwater Canyon Avenue, North Hollywood - 572181235
7254 Coldwater Canyon Avenue, North Hollywood - 572181236
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Property Description for 7254 Coldwater Canyon Avenue, North Hollywood CA 91605

We are pleased to present an industrial single tenant opportunity in North Hollywood, California featuring TechAir, one of the nation’s leading suppliers of industrial gasses and equipment. The lease is an Industrial Single Tenant Net Lease obligating the tenant to pay for 100% of the property expenses, property taxes, insurance and maintenance making this lease an Absolute NNN lease. The Subject Site is fully leased by TechAir and contains approximately 1.11± acres of land and 5,780± square feet of building in accordance to the Property Profile reports. In addition, there are substantial specialized improvements, which may be irreplaceable or difficult to replicate should the tenant decide to move. Especially considering the low industrial inventory of North Hollywood and the general San Fernando Valley market, there would be significant logistical and regulatory burdens the tenant would have to endure to find another comparable location. The tenant’s current lease started in 2013 and extends to July 2018. Tenant has two 5-year options to extend their lease and has exercised their first option. In the second 5-year option, the rents adjust to “Prevailing Market Rents”, which in our opinion, has seen a substantial increase in the past several years. At it’s current list price the property delivers a 4.18% cap rate with room for improvement at the end of the first option period.

  • Property Class: Commercial Sale
  • Listing Status: Active
  • City: North Hollywood
  • State: CA
  • Zip: 91605
  • Area: NHO - North Hollywood
  • County: Los Angeles
  • Class: Commercial
  • Property Subtype: Industrial
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 5,780 sqft
  • Lot Sq Ft Apx: 48351.00
  • Year Built: 1990
  • Listing#: GD18224671
  • Parcel Number: 2324005034
  • List Date: 9/13/2018
  • Last updated on: 1/16/2019

Property Features for 7254 Coldwater Canyon Avenue, North Hollywood CA 91605

  • Year Built: 1990
  • Zoning: M2
  • Lot Desc: 0-1 Unit/Acre, Paved

Additional Information for 7254 Coldwater Canyon Avenue, North Hollywood CA 91605

  • Development Status: Existing
  • Gross Building Area: 5780.00
  • Net Income: 187802.00
Courtesy of Krikor Garabedian, Keller Williams R. E. Services
Copyright 2019, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.