14768-14770 Calvert St

Property Description

Marcus & Millichap is pleased to present 14768-70 Calvert Street, an approximate 4,950 square foot, single tenant/owner-user industrial warehouse located in prime Van Nuys. Situated on a +/- 0.15-acre M2-1 zoned parcel, the property features an approximate 12-foot warehouse
clearance, one grade level loading door, and a fenced, concrete parking lot in the front of the property (parking for 4+ cars). The office build-out is approximately 990 square feet and the warehouse area currently is demised into four smaller rooms (10’ clear);however, the demising walls are non-load bearing allowing a buyer the ability to open the warehouse.

14768-70 Calvert Street will be delivered vacant at closing allowing an owner/user or investor to capitalize on a dense infill submarket with extremely tight vacancy rates and strong historical YOY rent growth. Proximity to major employers including the entertainment studios coupled with excellent demographics, 718,286 population and $96,806 average household income within a 5-mile radius, continue to drive demand in the area. Additionally the property benefits from having great freeway access, and is only 1.3 Miles from the e 405 Freeway and 2.1 Miles from the 101 Freeway.

Property Highlights

• Rare Single Tenant/Owner-User Industrial Warehouse Opportunity
• Delivered Vacant at COE
• Versatile M2 Underlying Zoning | Wide Array of Permitted Industrial Uses
• Potential Cannabis Cultivation & Manufacturing Facility
• 100% Climate Controlled | 400 Amp 3 Phase Power | 12’ Warehouse Clearance
• Secure Privately Gated Concrete Parking Lot | 4+ Parking Spaces
• Dense Infill Van Nuys Industrial Submarket | Sub 2.5% Market Vacancy
• Central Valley Location with Easy Freeway Access | 1.3 Miles from the 405 Freeway & 2.1 Miles from the 101 Freeway | 3.6 Miles from Van Nuys Airport
• Proximity to entertainment and content-related industries centered in Burbank, Hollywood, and West Los Angeles
• Diverse Economic Base | Industries such as Manufacturing, Technology, Entertainment, and Aerospace | Access to Skilled Workforce
• Excellent Demographics | 696,126 Population and $107,211 Average Household Income within a 5-mile Radius