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NAI Capital Negotiates Purchase of Movie Tech Studios in Van Nuys, CA

04/04/2019

Los Angeles, CA – April 4, 2019 – Senior vice presidents Ziv Kozaski and Michael Dixon with NAI Capital negotiated the purchase of a movie production studio totaling 8,850 square foot  in Van Nuys, California. Ziv and Michael represented the buyer, Laurel Suite Arminta, LLC. The seller was Ewing M. Brown and Jeannie D. Brown. The transaction totaled $1,600,000 or $181 per square foot.

Movie Tech Studios is located at 14737 Arminta Street. For over 61 years Movie Tech Studios has been a go to source for filming and post production. The studio boasts a 50x80 foot stage with a 30 foot long - 14 foot high green screen. The facility has a large studio feel with dressing rooms, make up room, props, sets, outside back lot, post production suite, screening room, and conference room. Movie Tech Studios has handled post-production for movies like “Kingdom of the Sea" and "Divorce Hearing".

Ewing "Lucky" Brown started Movie Tech Studios in 1957. At age 98, Lucky has decided it was time to sell. About Movie Tech Studios: http://www.movietechstudios.net/index.php

Ziv said, “This was a rare opportunity for my client to acquire a film production studio in the heart of the San Fernando Valley. This studio had been on the market for some time. We understood the asset, presented it to our client, and closed all cash within 30 days.”

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 400 Offices and 7,000 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 #01990696.

To learn more, visit www.naicapital.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

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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Source

NAI Capital

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