Film/TV Studio Flex
For Sale
Contact for pricing
16829 Saticoy St, Van Nuys, CA 91406
Purpose-built studio with min 44' and 48' high-bay areas, elevator-served offices, and 100% HVAC.
Property Size59,669 SF
Price / SF$268.15
Days on Market428
Property Features for 16829 Saticoy St
General Information
Standard status
Active
Size
59,669 SF
Elevators
Yes
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Span
Yes
Heavy Power
Yes
Amenities
Rooftop Patio
Building Details
Building Size
59,669 SF
Listing Agency:
CBRE
(818) 502-6700
Listed By:
Sam Glendon · License #01826689
(818) 502-6745
Source:
Moodyscre
Added: Jul 15, 2025
Changed: Sep 10
Last Checked: Sep 15 at 10:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
This turn-key film/TV studio is purpose built with large high-bay production areas and column-free clear spans, including minimum 44' and 48' heights. The property includes elevator-served offices and is supported by 100% HVAC. Extensive electrical distribution and substantial power are in place to support studio operations, along with a rooftop patio.
The facility also offers practical on-site work and meeting space through its office buildout, while the high-bay layout is designed to accommodate production and equipment needs without columns interfering with the floor plane.
Overall, the combination of tall, open interior volume, substantial power, and office improvements creates a functional flex-style building suitable for conversion to light industrial or recreational use, subject to applicable approvals.
The facility also offers practical on-site work and meeting space through its office buildout, while the high-bay layout is designed to accommodate production and equipment needs without columns interfering with the floor plane.
Overall, the combination of tall, open interior volume, substantial power, and office improvements creates a functional flex-style building suitable for conversion to light industrial or recreational use, subject to applicable approvals.
Key Highlights
- 59,669 SF purpose‑built film/TV studio
- Min 44' and 48' high‑bay areas with no columns
- Elevator‑served offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$697,297
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,945,940
$13.9M
Cap Rate 7%
$9,961,386
$10.0M
Cap Rate 9%
$7,747,744
$7.7M
Market Conditions
NOI Build-Up for 59,669 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.06M $17.76/SF
− Vacancy
−$63.6K −$1.07/SF
EGI
$996.1K $16.69/SF
− OpEx
−$298.8K −$5.01/SF
NOI
$697.3K $11.69/SF
Area
Los Angeles County, CA
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,945,940
Cap Rate 7%
$9,961,386
Cap Rate 9%
$7,747,744
Alternative Uses
Best Use
Industrial
$9.96M
$8.72M – $11.62M
NOI $697,297 @ 7.0% cap · market cap 4.36%
Second Best
Flex RnD
$7.61M
$6.66M – $8.88M
NOI $532,689 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$31.95M
$27.95M – $37.27M
NOI $2,236,259 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,365
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91406, CA
53,252
Population
19,650
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
8.1 sq mi
ZIP Area
6,574
Density / Sq Mi
$76,653
Median Household Income
$41,469
Median Earnings
$1,859
Median Rent
$765,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stevie's Aviation Catering — 7143 Balboa Blvd, Van Nuys, CA 91406
- Humble Pie Catering — 7112 Sophia Ave, Van Nuys, CA 91406
- Air Culinaire Worldwide - Inflight Catering Van Nuys — 7535A Valjean Ave, Van Nuys, CA 91406
- DineUp — 7900 Balboa Blvd, Van Nuys, CA 91406
- Maria's Italian Kitchen — 16533 Arminta St, Van Nuys, CA 91406
Frequently Asked Questions
What type of property is this?
Flex space - Purpose-built studio with min 44' and 48' high-bay areas, elevator-served offices, and 100% HVAC.
Where is this flex space located?
The property is located at 16829 Saticoy St Van Nuys, CA.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 59,669 SF purpose‑built film/TV studio; Min 44' and 48' high‑bay areas with no columns; Elevator‑served offices
