North Hollywood, CA 91605,7254 Coldwater Canyon AVE
North Hollywood, CA 91605,7254 Coldwater Canyon AVE
North Hollywood, CA 91605,7254 Coldwater Canyon AVE
10
$3,800,000
$4,495,000
15.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1.11 Acres Lot

7254 Coldwater Canyon AVE North Hollywood, CA 91605

Est. payment /mo
SOLD DATE : 02/15/2019

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $3,800,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 318003739

Sold Date 02/15/19

HOA Y/N No

Year Built 1980

Lot Size 1.110 Acres

Property Description

The Subject Property is an industrial single tenant opportunity in North Hollywood, California featuring TechAir, one of the nation's leading suppliers of industrial gasses and equipment. The lease is an Industrial Single Tenant Net Lease obligating the tenant to pay for 100% of the property expenses, property taxes, insurance and maintenance making this lease an Absolute NNN lease. TechAir serves a multitude of industries including factories, Metal Fabrication, Construction, Food & Beverage, Healthcare and Research firms. From cylinder gases to bulk liquid supply, TechAir handles all aspects of the contained gases industry including delivery, equipment rental or repair, design, installation and even automation. TechAir has locations in 13 states across the USA and has consistently expanded its reach. This offering presents a unique opportunity for an investor to take advantage of purchasing a NNN leased industrial asset in in a high barrier of entry market of the San Fernando Valley in the County of Los Angeles. The tenant's current lease started in 2013 and extends to July 2018. Tenant has two 5-year options to extend their lease and has exercised their first option. At it's current list price the property delivers a 4.18%.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning M2-1

Interior

Fireplace No

Others

Tax ID 2324005034

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Read Less


California Regional MLS (CRMLS)
Listed by Pam Adame • Keller Williams R. E. Services
Bought with Pam Adame • Keller Williams R. E. Services

GET MORE INFORMATION

agent

Darren Wade

Broker Associate | License ID: 01910957

+1(559) 312-7467

Name
Phone*
Message