10717 Vanowen St Los Angeles, CA 91605

Property Details for 10717 Vanowen St

Lot size

1.71 lot acres

Property size

36,407 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional 36,407-square-foot industrial warehouse in Los Angeles, CA, presents a compelling investment opportunity. Located in the Media District of Burbank/North Hollywood, this Class C, single-tenant property boasts a 6.00% cap rate and a strong NOI of $840,000. Currently 100% occupied by Pacific Title Archives, a film storage company, the lease extends through January 2029, providing significant long-term stability. The building features 100% HVAC, four loading docks (two dock-high), ample parking (61 spaces), and is situated on a 1.71-acre lot. The property benefits from its strategic location adjacent to Hollywood Burbank Airport and Interstate 5, providing easy access to major transportation arteries. The surrounding area is a thriving hub for the entertainment industry, with numerous major studios and media companies nearby. The building has undergone earthquake retrofitting and features 1200 amps of power. The property is zoned M2. This investment offers a rare combination of a high-quality asset, a strong tenant, and a prime location in one of the nation's most robust industrial markets, which has experienced significant rent growth and low vacancy rates in recent years. The Greater San Fernando Valley boasts a 1.2% vacancy rate and 16% average annual rent growth since 2018, while North Hollywood has maintained a 0.4% average vacancy rate over the past decade. This presents a compelling opportunity for investors seeking a stable, high-performing asset in a dynamic market. The property's proximity to over 9 million people within a 30-mile radius and over $14 billion in annual e-commerce sales within a one-hour drive further enhances its investment appeal.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.365

Latitude

34.1942