Cushman & Wakefield Advises Sale of 13-Acre Industrial Park in Van Nuys

Cushman & Wakefield helped secure an $85 million purchase of a 5-building, 96,000-square-foot industrial complex on a well-positioned cul-de-sac in Van Nuys, CA.  The national team of Jeff Chiate, Rick Ellison, Mike Adey, Brad Brandenburg and Matthew Leupold from Cushman & Wakefield represented the seller, along with local guidance from the firm’s Erik Larson, Robin Dodson and Paul Sims.

Constructed in the 1960’s and 70’s, the properties occupy lots on Raymer Street and Woodley Avenue in the Van Nuys submarket, with easy access to Van Nuys Airport and intermodal railroad system, and close proximity to Burbank Airport and Interstate 405 as well. 

“Van Nuys Industrial Park is truly a last-mile distribution location with access to North Los Angeles’s dense population and expansive growth.” said Ellison in a news release.  “The aggressive and robust industrial sector, driven extensively by e-commerce and other industries, has led to unprecedented market rental rate growth upward.”