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First Street Food Group, LLC
1407 Truman Street, San Fernando, CA 91340
70,922 SF | Industrial
1407 Truman Street
Industrial Property - Off Market
- Building Size:
- 70,922 SF
- Property Type:
- Property Sub-type:
- Additional Sub-types:
- Refrigerated/ Cold
- Property Use Type:
- Cap Rate:
- Year Built:
- Lot Size:
- 3.19 AC
- Listing ID
- Last Updated
- over 1 year ago
- Located on Metrolink Regional Commuter Rail System.
- All Properties in San Fernando's Redevelopment Zone.
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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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO