Marcus & Millichap is pleased to exclusively offer for sale 16102–16116 Hart Street, Van Nuys, CA, a 100% leased, multi-tenant industrial property located adjacent to Van Nuys Airport in the heart of the San Fernando Valley. Offered at $4,175,000, the property represents a turnkey, stabilized investment in one of the Valley’s most consistently high-demand industrial submarkets. The offering equates to $284.44 per square foot and provides a compelling 5.76% in-place capitalization rate, with market-rate rents averaging approximately $1.98/SF and built-in annual escalations driving a Year-2 CAP rate of approximately 6.12%. Constructed in 1989, the property comprises approximately 14,678 square feet across eight functional industrial suites, each featuring efficient warehouse layouts, dedicated 2nd floor office components, private roll-up doors, and 100% climate controlled with individual HVAC systems. Situated on a 21,646-square-foot (0.50-acre) parcel zoned QMR1-1 and QP-1, the asset supports a broad range of industrial, service, and commercial uses. Core features, including 14-foot clear heights, 2,400 amps of 3-phase, 4-wire power, and ground-level loading for every unit, make the property highly adaptable for light manufacturing, distribution, storage, and specialty trade users. The property also includes 29 on-site gated parking spaces, equating to approximately 2.0 spaces per 1,000 square feet, a meaningful advantage in a dense infill environment. With full occupancy, durable tenant tenure, highly functional construction, and a high-visibility corner location, 16102–16116 Hart Street presents an opportunity to acquire a stable, income-producing industrial asset in one of Los Angeles’ most resilient and high-barrier-to-entry industrial submarkets.