Hudson Commercial Partners has been named the Exclusive Agents for the marketing of a creative, multi-tenant Industrial portfolio. This property portfolio is situated on the Northeast corner of Cedros Avenue and Aetna Street, immediately adjacent to the Orange Line and Government Center in Van Nuys. All tenants have short-term leases in place, with the longest term expiring at the end of January 2020. Each free-standing building has 5 tenants, but each building does lend itself to contiguous square footage. All units have a 10’ x 10’ pivot door with generous ceiling height ranging from 15 to 17 feet. Currently, half of all the units are being leased out to music related recording studios and the remaining tenant have industrial uses.
An Investor or an Owner/User can capture premium for this creative/industrial space with a very high demand in the marketplace. An Owner/User can leverage 90% financing, an SBA loan Product, with an occupancy of 51% or more of the rentable Square footage. The occupancy costs for an Owner/User will be $1.96 PSF, with a 10% down payment. This cost would be only further reduced with unused space paying market rents and/or a larger down payment. This opportunity consists of four free-standing buildings with each of them on their own lot.
