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6640 Van Nuys Boulevard, Van Nuys, CA

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6640 Van Nuys Boulevard

Van Nuys, CA 91405-4617 - Eastern SFV Submarket

Property Type:Office Sub Type:- Status:Existing , Renov 1976 Year Built:1951
Stories:2 Typical Floor:12,000 SF Building Size:36,053 SF
For Sale Price:$6,750,000 Price/SF:$187.22
Cap Rate:4.13 %
Parking:Free Surface spaces are available; Ratio of 6/1,000 SF Amenities:Convenience Store, Signage

10/01: 6640 Van Nuys Blvd LLC, represented by Beitler Commercial, purchased the building. North American Commercial represented the seller, Pietro Trust.

This building was originally built for The Gas Company headquarters. It is currently occupied by the LA County Assessor's Office on a month-to-month basis.

Sale Notes:
The Colliers Investment Team, as Exclusive Agent, is pleased to present the opportunity to acquire 6640 Van Nuys Blvd, a multi-tenant office building and parking lot. Built in 1951, the property contains ±36,000 square feet of rentable area and is centrally located in Van Nuys, California. This office project is currently 86% leased with 8 tenants including the County of Los Angeles and the City of Los Angeles. The highly-visible building is positioned on the main thoroughfare, Van Nuys Boulevard near Van Owen Street. The area is home to many other professional offices and Los Angeles City and County offices including the LA DWP, LA City Housing Department, LA Department of Building Safety and the Van Nuys County Court. With all of the adjacencies, it is a great location to do business.

The Property also boasts abundant parking and an extra parking lot
that has potential for development. This is a great opportunity for
development that would not interrupt the current revenue stream
since the existing building is seperate from the parcel with development potential.

Colliers International
Chris Maling
(213) 532-3292

Patrick M Barnes
(213) 532-3290

David Maling
(213) 532-3291

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