5524-5536 Satsuma Ave features a total of 10,822 square feet of rentable space, including a 1,400-square-foot warehouse, a 2,430-square-foot flex unit, and 19 prep kitchen units totaling 6,992 square feet. The property is designed to support a range of industrial, creative, and culinary uses. This property offers an ideal opportunity for an owner user with 8 available prep kitchens, commonly referred to as "ghost kitchens." ProForma CAP Rate of 8.42% With a ProForma GRM of 7.88. The Current CAP rate of 7.42% re?ects an agreement where to mitigate vacancy risk and ensure consistent cash ?ow from ancillary revenue streams, the Seller will execute a master lease of all current vacant kitchen units for a period of One (1) year, commencing at the close of escrow. This master lease will guarantee the Buyer rental income and the utility reimbursements, currently projected at $300/per month per unit, e?ectively o?setting any potential revenue shortfall during the initial transitioning period. Tenants benefit from ample parking, efficient access for deliveries, and a prime location in North Hollywood with proximity to major transportation routes and business services. The MR2-1VL zoning provides flexible use options and significant growth potential across various industries, making this a strategic opportunity for tenants seeking adaptable industrial space.