Historical Industrial Sale Listing - First Street Food Group, LLC

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First Street Food Group, LLC

1407 Truman Street, San Fernando, CA 91340

N/A

70,922 SF | Industrial

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1407 Truman Street

Industrial Property - Off Market

Price:
N/A
Building Size:
70,922 SF
Property Type:
Industrial
Property Sub-type:
Manufacturing
Additional Sub-types:
Warehouse
Refrigerated/ Cold
Storage
Property Use Type:
Investment
Cap Rate:
7%
Occupancy:
100%
Tenancy:
Single
Year Built:
1996
Lot Size:
3.19 AC
Listing ID
14212267
Last Updated
over 1 year ago

Highlights

  • Located on Metrolink Regional Commuter Rail System.
  • All Properties in San Fernando's Redevelopment Zone.

Description

Sale/Leaseback of a multiple building portfolio owned and occupied by First Street Food Group, LLC. The property improvements consist of 70,922 square feet of food processing, warehouse/freezer and office space situated on 3.19 acres of land in San Fernando, California.

The leaseback is for 10-years, NNN, with a first year annual rent of $490,000 ($6.91 PSF) and specific terms to be negotiated. The lease is to include an early termination option in year-3 with specific terms to be proposed.

All three properties are in close proximity to one another and located along the Metrolink Regional Commuter Rail System.
1) 1407 Truman Street, San Fernando, CA 91340 - Warehouse/Freezer Building 16,971 SF
2) 1516-1606, First Street, San Fernando, CA 91340 - 7 Bldgs. used for Food Processing/Office 43,831 SF
3) 1700, First Street, San Fernando, CA 91340 - Warehouse 10,120 SF

Map of 1407 Truman Street, San Fernando, CA 91340 (Los Angeles County)

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