Description
Maher Commercial Realty is pleased to present 8125 Lankershim Blvd, North Hollywood, a “flex” building with approximately 40{938e5b39c5f740ba6aba6ff11c39abe990dbf4e3a16dfcbfe7cbcb4e07a7a689} office space and 60{938e5b39c5f740ba6aba6ff11c39abe990dbf4e3a16dfcbfe7cbcb4e07a7a689} 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{938e5b39c5f740ba6aba6ff11c39abe990dbf4e3a16dfcbfe7cbcb4e07a7a689} 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{938e5b39c5f740ba6aba6ff11c39abe990dbf4e3a16dfcbfe7cbcb4e07a7a689} 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.
- Property currently has a cell tower lease in-place that generates $3,081.81 per month and can be sold for an additional $400,000.
- Excellent visibility on Lankershim Blvd with traffic count of +/- 24,000 cars per day.
- Large 32,000 Square Foot Parcel allows for ample parking in-front and behind the building.
- Entire building delivered vacant. The building is in good overall shape- clean phase one on file.
- Purchase with SBA financing for less than monthly rental value.
- Building floorplan is a flexible mix of industrial and office space.
- Long-term cell tower lease in-place, brings an additional +/- $3,100 in monthly income, with future rent escalations in-place.
- Excellent visibility on Lankershim Blvd with traffic count of +/- 24,000 cars per day.
- Large 32,000 Square Foot Parcel allows for ample parking in-front and behind the building.
- Entire building delivered vacant. The building is in good overall shape- clean phase one on file.
- Purchase with SBA financing for less than monthly rental value.
- Building floorplan is a flexible mix of industrial and office space.
