Former Food Processing
For Sale
Contact for pricing
7737 Burnet Ave, Van Nuys, CA 91405
Former food processing facility with two in-place coolers and interior drains, suitable for a variety of uses.
Property Size14,200 SF
Price / SF$260.56
Days on Market48
Property Features for 7737 Burnet Ave
General Information
Standard status
Active
Size
14,200 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates
(323) 767-2092
Listed By:
Jeffrey Hubbard
(323) 864-5555
Source:
Moodyscre
Added: Jul 13
Changed: Aug 21
Last Checked: Aug 28 at 6:05PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This former food processing facility features two coolers in place with approximate sizes of ±289 SF and ±700 SF, along with interior drains. The building is positioned as a flexible warehouse option for a variety of uses.
The property is located at 7737 Burnet Ave in Van Nuys, CA 91405.
With dedicated cooling areas already incorporated into the space and interior drainage present, the facility offers an established infrastructure for operations that require controlled storage and interior drainage.
The property is located at 7737 Burnet Ave in Van Nuys, CA 91405.
With dedicated cooling areas already incorporated into the space and interior drainage present, the facility offers an established infrastructure for operations that require controlled storage and interior drainage.
Key Highlights
- Former food processing facility
- Two in‑place coolers: ±289 SF and ±700 SF
- Interior drains in place
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
$184,769
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
4.99%
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%
$3,695,380
$3.7M
Cap Rate 7%
$2,639,557
$2.6M
Cap Rate 9%
$2,052,989
$2.1M
Market Conditions
NOI Build-Up for 14,200 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
$228.3K $16.08/SF
− Vacancy
−$11.0K −$0.77/SF
EGI
$217.4K $15.31/SF
− OpEx
−$32.6K −$2.30/SF
NOI
$184.8K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$3,695,380
Cap Rate 7%
$2,639,557
Cap Rate 9%
$2,052,989
Alternative Uses
Best Use
Warehouse
$2.64M
$2.31M – $3.08M
NOI $184,769 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.60M
$6.65M – $8.87M
NOI $532,184 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,453
Businesses Nearby
Explore this area
Business Placement
Demographics for 91405, CA
55,319
Population
19,822
Households
2.8
Avg Household Size
36
Median Age
26%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
16,270
Density / Sq Mi
$61,207
Median Household Income
$34,833
Median Earnings
$1,736
Median Rent
$698,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Former food processing facility with two in-place coolers and interior drains, suitable for a variety of uses.
Where is this refrigerated & cold storage located?
The property is located at 7737 Burnet Ave Van Nuys, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Former food processing facility; Two in‑place coolers: ±289 SF and ±700 SF; Interior drains in place
