Northridge Warehouse - Perfect Owner User Auto Body For Sale

18531 Eddy Street is a hard to find warehouse in Northridge for sale.  It’s not often that this size of a building becomes available on the marketplace. With the turn of the real estate market, development in industrial buildings were put on hold as the ground up cost to develop new commercial buildings far exceeded the replacement cost of existing buildings. As an owner user ready to purchase a property, it made much more sense to buy an existing building and to remodel or reuse the existing structure. For developers to make economic sense of building industrial buildings today, large developments or economies of scale is the only way to pencil out the cost of new construction. Today the closest development is located on De Soto Ave and Nordhoff Street. The developer here is constructing multiple commercial buildings with approximately 15,000 sq. ft. as the smaller end of sizes.

18531 Eddy Street was built at time where the construction costs and rental rates made some sense to build smaller freestanding industrial buildings. A true rare gem in Northridge with a price point that opens up the market to a variety of hobbyist and small businesses looking to own and operate out of their property.