NAI Capital Completes Sun Valley Industrial Warehouse Sale
Los Angeles, CA, Tuesday, November 08, 2016– Chris Jackson, Executive Managing Director and Todd Lorber, Executive Vice President with NAI Capital represented the seller Finkelstein Family Trust on the sale of an 18,652 square foot warehouse in Sun Valley, Calif. The transaction totaled $3.15 million or $169 per square foot. The buyer was Lankershim Business Props Llc.
The property is located on the corner of Kewin Avenue and Lankershim Boulevard, just off the 5 freeway in the East San Fernando Valley submarket at 8541-8543 Lankershim Blvd. The building is a single story multitenant warehouse situated on 35,279 square feet of land.
Jackson said, “Our client held this property for 23 plus years while it gained tremendous appreciation in value.” Lorber added, “Current market conditions make it the opportune time to sell.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 375 offices and 6,700 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #00806840.
To learn more, visit www.naicapital.com
About NAI Global
Founded in 1978, NAI Global is a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,700 professionals located throughout North America, Latin America, Europe and Asia Pacific. The firm manages over 380 million square feet of property on behalf of its clients, globally. The NAI Global Capital Markets Group serves the largest institutional owners of and investors in commercial real estate.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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