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.  

Northridge Commercial Real Estate In Review 2014

Reflecting on 2014, Northridge commercial real estate was interesting as movement of property was healthy as compared to previous years.  To note, in October, the well known Black Angus Steak House on Corbin Avenue traded hands. The property was sold as an investment property to an individual for $3.9 million. The passive investment with leases through 2018 is situated on 1.66 acres with 106 parking spaces allowing for a variety of uses down the line. Corbin Avenue from Nordhoff north to Plummer Street has some real intrinsic value as real development possibilities within the vicinity will dramatically change the atmosphere.

Retail and Fast Food center such as on Corbin Avenue and Nordhoff across from Lowe’s have been getting a lot of attention and achieving high sales prices for the Sellers. Local passive single tenant NNN leased properties are in demand. Also to note the redevelopment of the Nordhoff and Reseda eating establishment corridor with the newly opened Starbucks.

With entertainment, the Northridge bowling alley on Balboa, Matador Bowl comes to mind. It only makes sense for a business operator to own the property. Financing for SBA and special Owner-User lending programs are supporting the higher values in real estate that typical passive investors are finding it hard to financially pencil out. Interest rates such as the 10yr treasury will continue to remain low with a possibility of slight increases over the next 2 years.

Health Care properties in Northridge, more particular assisted and senior living facilities has been active with REITS and equity partnerships in 2014.  Northridge Senior Living on Lindley Ave is one of two properties to note. However the newly built property located at 9222 Corbin – The Village at Northridge will be one to watch. I speculate, interesting additions to the property are to come in the next couple years.

The Northridge Post Office was traded under the radar.  Eyes on this property for future planning has not been overlooked. This property should be interesting to follow in the next 5 years as plans will be in the works to transform the property.

In mid October of 2014, the Northridge Businesses Center sold for almost $46.5 million. This property although located in an area that is transforming will be the catalysts for other similar outdated office and R&D parks to repurposing and reinvest. This property known as The Campus will be interesting to follow as revitalization takes place in this area of Northridge.

Northridge Warehouse for Lease

18555 Eddy Street in Northridge is a freestanding industrial warehouse for lease. The steel frame structure, concrete block and corrugated metal building is approximately +/- 7,040 SF. This Northridge warehouse has one large 14x14 ground level electrical roll up door and one 14x14 sliding door that leads into a private and gated outdoor area. The minimum building clearance is 14 ft. from the sides and up to 24 ft at the center. This Northridge warehouse has approximately 6,000 SF of warehouse space with the remaining balance of highly improved modern office space on two floors. Power – 200A 120-240V 3Ph(Verify). There are 4 restrooms, 2 separate entrances, storage room, reception area, kitchen area, open bullpen space, and several private offices. The image and environment is creative and has unique qualities as compared to other traditional Northridge, Chatsworth and Canoga Park industrial buildings. Very creative space with modern offices and airplane hanger feel warehouse space.

Located in the State Enterprise Zone, this Northridge industrial warehouse has pole signage and abundant street parking and on a cul-de-sac.  This Northridge industrial building is zoned commercial manufacturing (CM) http://www.amlegal.com/nxt/gateway.dll/California/lapz/municipalcodechapteriplanningandzoningco/chapterigeneralprovisionsandzoning/article2specificplanning-zoningcomprehen/sec12171cmcommercialmanufacturingzone?f=templates$fn=default.htm$3.0$vid=amlegal:lapz_ca$anc allowing for  a wide range of uses.      

18555 Eddy Street, Northridge is located between Amigo Avenue and Baird Avenue with the closest major intersection at Reseda Boulevard and Parthenia Street, Nordhoff Street to the North and Roscoe Boulevard to the South, Tampa Avenue to the West and Balboa Boulevard to the East.  Other close located streets are Yolanda Avenue and Rayen Street.

Businesses in the area include automotive (auto body, restoration, service center and tires), tile and marble, steel and construction, self-storage, food and services, plumbing, electrical, remediation and a variety of other uses.

Freestanding Northridge Office Available for Lease

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9255 Corbin Avenue offers an open and clean atmosphere for a variety of custom floor plans such as a tenant looking for a creative office space or a traditional corporate layout with unique finishes. Ideas for both single and dual tenancy office spaces include efficient designs coupled with creative features. The high ceilings, open space and rear loading can be utilized or converted for a space that's both functional and customized to suite a specific business operation. The property has terrific window line along the perimeter of the building for natural lighting and a healthy working environment. Parked at a ratio of 3 per 1,000, the building can accommodate a variety of light and heavy employed office users looking for space in a convenient area of Northridge with a variety of local amenities. The building is located within the Los Angeles State Enterprise Zone and brings added benefits to industries looking to relocate their business or head quarters to this location.
This Northridge office space is located on the signalized corner of Corbin Avenue and Prairie Street and has great street exposure. 9255 Corbin Avenue is centrally located in Northridge with easy access to the 118 Ronald Reagan, 101 Ventura and 405 Freeways and just west of the Northridge Fashion Center (Northridge Mall). The location of this Northridge office building is a few minutes from Cal State University Northridge (CSUN) -- home of the Matadors and other major employers. A variety of amenities in Northridge include a variety of eating establishments at and near the Northridge Fashion Center, Northridge apartment and senior living centers and the Northridge Hospital Medical Center.

Northridge is located in the northwest San Fernando Valley just north of Los Angeles city, south of Santa Clarita and Valencia, east of Ventura County and in the Los Angeles County.
Cities located adjacent to Northridge are Winnetka and Reseda to the south, Porter Ranch to the north, Chatsworth and West Hills to the west and North Hills and Granada Hills to the east.
Major thoroughfares close by are Corbin Avenue, Tampa Avenue, Wilbur Avenue, Reseda Boulevard, Winnetka Avenue, Plummer Street, Nordhoff Street, Lassen Street, and Devonshire Street.