FOR IMMEDIATE RELEASE
(SANTA ANA, CA, October 19th, 2020) SVN | VANGUARD one of the nation’s premier net lease brokerage firms, has completed the sale of the the 5,600 SF industrial warehouse located at 16065 Foothill Blvd in Sylmar, CA to a private buyer for $1.65 million. Hala Chalan of SVN | VANGUARD represented the seller, Truman Investment, LLC.
16065 Foothill Blvd is strategically located in north Los Angeles county with close proximity to several major freeways including the 210, 5, 405 & 118. The property is a free standing single tenant building that was built in 2005. The warehouse was previously occupied by the owner-user and remains in very good condition. The building features fire sprinklers, LED lighting, 200 AMPs, private gate and 8 parking spots with great security throughout. LAC2 zoning provides flexibility and permits diverse commercial use.
SVN is the only major commercial real estate brand that proactively markets all of its qualified properties to the entire brokerage and investment community. Participating in approximately $12.1 billion in sales and leasing transactions in 20187, SVN Advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. Advisors also reap the benefits of our SVN Live® Weekly Property Broadcast, cloud-based leading-edge technology, and national product councils. This open, transparent and collaborative approach to real estate is the SVN Difference.
About SVN | VANGUARD
SVN | VANGUARD is an independently owned and operated SVN® franchise with offices located in Orange County & San Diego, CA. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.
About OUR COMMITMENT TO YOUR INVESTMENTS
We know what factors impact value.
The SVN | VANGUARD industrial experts are on top of Southern California market trends and forecasts. Whether you are leasing, buying, or selling an industrial building, our team is ready to provide in-depth expertise. Whatever your need, whether that be light industrial, flex space, large industrial park, or a free-standing net-leased building, we have the market knowledge to help you make the best decision. We bring value to our clients by monitoring specific factors that impact the industrial market and the ultimate function of the space, such as demographics, site plans, tenant mixes, tenant credit and traffic patterns.