7415 Fulton Ave, North Hollywood, CA 91605

$6,500,000
List Price
$6,500,000
Days on Market
10
Status
ACTIVE
MLS#
SR20153305

Property Description

7415-7419 Fulton Avenue consists of a ±23,728 SF single-tenant building, located in the heart of North Hollywood, California's Industrial District. The property has ±35,384 SF of LAM2 zoned land, a large parking lot, high ceilings, and is currently leased, with slightly above market rents, to Fastener Technology Corporation, a 40-year established engineering firm that produces aviation fasteners for many of the most elite aerospace manufacturers in the industry. Comparable properties in the market sold between $220 - $280 per square foot, with an average of $242 per square foot. Most of the reported sales were purchased by owner-users, but two properties were sold as investments with cap rates between 4.5% and 5.5%. With its desirable central location, and slightly above market lease with a long-term occupant, illi Commercial Real Estate is pleased to present 7415-7419 Fulton Avenue at $6,500,000, representing a 5.1% cap rate and $274 per building square foot.

Additional Information

Area
Nho - North Hollywood

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Courtesy of illi Commercial Real Estate, Todd Nathanson - Agent DRE# 00923779

Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.