8125 Lankershim Blvd, North Hollywood, CA 91605
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.
Address
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Address 8125 Lankershim Blvd, North Hollywood, CA 91605
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Country United States
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Postal code/ZIP 91605
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Contact
Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093